ServisFirst Bancshares Inc. (NASDAQ:SFBS) will announce its Q316 earnings results on Monday, October 17th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $51.99 million for the quarter.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%. On average, analysts expect ServisFirst Bancshares to post $2.79 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.

Earnings History for ServisFirst Bancshares (NASDAQ:SFBS)

ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.54 on Thursday. The stock has a 50 day moving average price of $51.94 and a 200 day moving average price of $50.04. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.70 and a beta of 1.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Tuesday, October 4th will be given a $0.08 dividend. The ex-dividend date is Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.61%. ServisFirst Bancshares’s payout ratio is 11.76%.

In other news, EVP Andrew N. Kattos sold 4,259 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total transaction of $223,427.14. Following the completion of the transaction, the executive vice president now directly owns 127,597 shares in the company, valued at $6,693,738.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Rex D. Mckinney sold 48,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $50.32, for a total value of $2,415,360.00. Following the transaction, the executive vice president now owns 28,000 shares of the company’s stock, valued at $1,408,960. The disclosure for this sale can be found here. Insiders own 14.28% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFBS. BlackRock Fund Advisors raised its position in ServisFirst Bancshares by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,403,955 shares of the financial services provider’s stock valued at $69,341,000 after buying an additional 837,607 shares in the last quarter. Vanguard Group Inc. raised its position in ServisFirst Bancshares by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,007,306 shares of the financial services provider’s stock valued at $49,751,000 after buying an additional 221,357 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ServisFirst Bancshares by 54.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,139 shares of the financial services provider’s stock valued at $17,441,000 after buying an additional 124,358 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in ServisFirst Bancshares by 32.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 471,685 shares of the financial services provider’s stock valued at $23,297,000 after buying an additional 114,565 shares in the last quarter. Finally, State Street Corp raised its position in ServisFirst Bancshares by 18.1% in the second quarter. State Street Corp now owns 523,988 shares of the financial services provider’s stock valued at $25,880,000 after buying an additional 80,336 shares in the last quarter. Institutional investors and hedge funds own 34.03% of the company’s stock.

Several research analysts recently weighed in on SFBS shares. Raymond James Financial Inc. upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Thursday, August 25th. Zacks Investment Research lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.

5 Day Chart for NASDAQ:SFBS

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