ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to Post Q2 2022 Earnings of $1.12 Per Share, DA Davidson Forecasts

ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) – Analysts at DA Davidson issued their Q2 2022 earnings estimates for ServisFirst Bancshares in a research report issued to clients and investors on Wednesday, April 20th. DA Davidson analyst K. Fitzsimmons expects that the financial services provider will post earnings per share of $1.12 for the quarter. DA Davidson also issued estimates for ServisFirst Bancshares’ FY2022 earnings at $4.52 EPS.

Several other research analysts have also issued reports on SFBS. Zacks Investment Research raised shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Friday. StockNews.com began coverage on shares of ServisFirst Bancshares in a research note on Thursday, March 31st. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.67.

SFBS stock opened at $84.28 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.96 and a current ratio of 0.96. ServisFirst Bancshares has a 52-week low of $60.62 and a 52-week high of $97.25. The company has a fifty day moving average price of $88.21 and a 200-day moving average price of $84.85. The company has a market capitalization of $4.57 billion, a P/E ratio of 22.06 and a beta of 0.99.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last announced its earnings results on Monday, April 18th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. ServisFirst Bancshares had a net margin of 46.19% and a return on equity of 19.22%. During the same quarter in the prior year, the business posted $0.95 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System lifted its position in shares of ServisFirst Bancshares by 0.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 19,571 shares of the financial services provider’s stock valued at $1,865,000 after acquiring an additional 120 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in ServisFirst Bancshares by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,666 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 161 shares during the period. Public Employees Retirement System of Ohio increased its stake in ServisFirst Bancshares by 33.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 770 shares of the financial services provider’s stock valued at $65,000 after buying an additional 194 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of ServisFirst Bancshares by 2.1% in the third quarter. First Republic Investment Management Inc. now owns 9,860 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 200 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in ServisFirst Bancshares by 5.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 4,675 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 61.47% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, April 1st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, March 31st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 24.08%.

ServisFirst Bancshares Company Profile (Get Rating)

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. 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 lending products, such as seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and 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, loans secured by deposits, and secured and unsecured personal loans.

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Earnings History and Estimates for ServisFirst Bancshares (NASDAQ:SFBS)

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