Zacks: Analysts Expect ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Will Announce Quarterly Sales of $118.88 Million

Equities analysts expect ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) to report $118.88 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for ServisFirst Bancshares’ earnings. The lowest sales estimate is $118.75 million and the highest is $119.00 million. ServisFirst Bancshares reported sales of $104.27 million in the same quarter last year, which would suggest a positive year over year growth rate of 14%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that ServisFirst Bancshares will report full-year sales of $483.97 million for the current year, with estimates ranging from $482.23 million to $485.70 million. For the next year, analysts expect that the firm will post sales of $549.05 million, with estimates ranging from $546.79 million to $551.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow ServisFirst Bancshares.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last posted its quarterly earnings results on Monday, April 18th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. ServisFirst Bancshares had a net margin of 46.29% and a return on equity of 18.82%. During the same quarter last year, the company posted $0.95 earnings per share.

A number of equities research analysts recently commented on the stock. DA Davidson lowered their price target on shares of ServisFirst Bancshares from $97.00 to $94.00 in a report on Tuesday, April 19th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Friday. Finally, StockNews.com started coverage on shares of ServisFirst Bancshares in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, ServisFirst Bancshares presently has an average rating of “Hold” and an average price target of $90.67.

NASDAQ:SFBS traded down $1.61 during midday trading on Friday, reaching $80.32. 176,668 shares of the stock traded hands, compared to its average volume of 227,172. The company has a fifty day moving average of $87.87 and a 200 day moving average of $85.15. ServisFirst Bancshares has a 12 month low of $62.78 and a 12 month high of $97.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $4.36 billion, a P/E ratio of 20.44 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, April 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, March 31st. ServisFirst Bancshares’s payout ratio is currently 23.41%.

A number of institutional investors have recently modified their holdings of SFBS. Maryland State Retirement & Pension System grew 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 worth $1,865,000 after buying an additional 120 shares during the period. Mutual of America Capital Management LLC grew its position in shares of ServisFirst Bancshares by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,666 shares of the financial services provider’s stock worth $566,000 after buying an additional 161 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of 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 worth $65,000 after buying an additional 194 shares during the period. First Republic Investment Management Inc. grew its position in shares of ServisFirst Bancshares by 2.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,860 shares of the financial services provider’s stock worth $767,000 after buying an additional 200 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of ServisFirst Bancshares by 5.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 4,675 shares of the financial services provider’s stock worth $364,000 after buying an additional 250 shares during the period. 61.47% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Stories

Get a free copy of the Zacks research report on ServisFirst Bancshares (SFBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.