Somewhat Favorable News Coverage Somewhat Unlikely to Impact ServisFirst Bancshares (SFBS) Stock Price
Headlines about ServisFirst Bancshares (NASDAQ:SFBS) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ServisFirst Bancshares earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3373112259759 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
ServisFirst Bancshares (NASDAQ:SFBS) traded down 0.15% during mid-day trading on Friday, hitting $34.09. 181,152 shares of the stock were exchanged. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 20.66 and a beta of 1.38. The company’s 50-day moving average price is $36.37 and its 200 day moving average price is $37.52. ServisFirst Bancshares has a 52 week low of $24.69 and a 52 week high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The firm had revenue of $60.37 million during the quarter, compared to analysts’ expectations of $60.33 million. Equities research analysts expect that ServisFirst Bancshares will post $1.80 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. ServisFirst Bancshares’s dividend payout ratio is presently 12.05%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Stephens reiterated a “hold” rating and set a $38.00 target price on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Finally, Hovde Group upgraded shares of ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 target price for the company in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.75.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.