ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Will Post Earnings of $1.23 Per Share in Q3 2022, According to DA Davidson Forecast
ServisFirst Bancshares, Inc. (NASDAQ: SFBS – Get a rating) – Equity researchers DA Davidson released their third quarter 2022 EPS estimates for ServisFirst Bancshares in a research note to investors on Wednesday, July 20. DA Davidson analyst K. Fitzsimmons expects the financial services provider to post earnings per share of $1.23 for the quarter. ServisFirst Bancshares’ current annual earnings consensus estimate is $4.39 per share.
Separately, StockNews.com launched a hedge on the shares of ServisFirst Bancshares in a research note on Thursday, March 31. They issued a “hold” rating on the stock.
ServisFirst Banc share price performance
SFBS stock opened at $81.71 on Thursday. The company‘s 50-day moving average price is $79.30 and its two-hundred-day moving average price is $83.93. ServisFirst Bancshares has a 12-month low of $67.42 and a 12-month high of $97.25. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt ratio of 0.06. The company has a market capitalization of $4.44 billion, a P/E ratio of 19.69 and a beta of 1.03.
ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) last released its results on Monday, July 18. The financial services provider reported earnings per share (EPS) of $1.14 for the quarter, beating the consensus estimate of $1.13 by $0.01. ServisFirst Bancshares achieved a return on equity of 19.58% and a net margin of 46.52%. During the same quarter last year, the company posted EPS of $0.92.
Institutional entries and exits
Several large investors have recently bought and sold shares of SFBS. Vanguard Group Inc. increased its equity stake in ServisFirst Bancshares by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,231,794 shares of the financial services provider valued at $498,537,000 after purchasing an additional 40,095 shares during the period. River Oaks Capital LLC purchased a new stake in ServisFirst Bancshares in the fourth quarter worth approximately $4,723,000. Kayne Anderson Rudnick Investment Management LLC increased its position in ServisFirst Bancshares by 22.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,484,020 shares of the financial services provider valued at $210,992,000 after purchasing an additional 460,493 shares during the period. State Street Corp increased its stake in ServisFirst Bancshares by 6.9% in the first quarter. State Street Corp now owns 1,901,000 shares of the financial services provider worth $181,578,000 after buying an additional 121,916 shares in the last quarter. Finally, Welch Group LLC strengthened its position in ServisFirst Bancshares shares by 3.5% in the 4th quarter. Welch Group LLC now owns 1,420,875 shares of the financial services provider worth $120,689,000 after purchasing an additional 47,700 shares during the period. 62.48% of the shares are held by institutional investors.
Insider Activity at ServisFirst Bancshares
In related news, CEO Thomas A. Broughton bought 1,000 shares of the company in a trade on Friday, June 10. The shares were purchased at an average price of $76.23 per share, with a total value of $76,230.00. Following the completion of the purchase, the CEO now owns 251,530 shares of the company, valued at approximately $19,174,131.90. The acquisition was disclosed in a legal filing with the SEC, available at the SEC website. In other news, CEO Thomas A. Broughton acquired 1,000 shares in a trade dated Friday, June 10. The stock was purchased at an average price of $76.23 per share, with a total value of $76,230.00. Following the completion of the purchase, the CEO now directly owns 251,530 shares of the company, valued at approximately $19,174,131.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, director Irma Loya Tuder bought 2,000 shares of the company in a transaction that took place on Friday, June 10. The shares were acquired at an average price of $76.60 per share, for a total transaction of $153,200.00. Following completion of the transaction, the administrator now owns 42,215 shares of the company, valued at $3,233,669. Disclosure of this purchase can be found here. 8.31% of the shares are held by insiders.
ServisFirst Bancshares announces a dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8. Investors of record on Friday July 1 received a dividend of $0.23 per share. This represents a dividend of $0.92 on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, June 30. ServisFirst Bancshares’ dividend distribution rate is 22.17%.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, deposit-backed loans, and secured and unsecured personal loans.
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