ServisFirst Bancshares, Inc. (NASDAQ:SFBS) is expected to report third quarter earnings results, after market close, on Monday 19th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.71 per share.
Looking ahead, the full year income are expected at $ 2.82 per share on the revenues of $ 362.44 million.
Previous Quarter Performance
ServisFirst Bancshares, Inc. came out with income for the second quarter of $ 0.75 per share, from the revenue of $ 90.27 million. The quarterly earnings gained 13.64 percent compared with the same quarter last year. Street analysts expected ServisFirst Bancshares, Inc. to report income of $ 0.70 per share on revenue of $ 98.30 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 7.14 percent, at the same time, top line results fell short of analysts by $ 8.03 million or 8.17 percent.
Stock Performance
On Friday, shares of ServisFirst Bancshares, Inc. has traded high as $ 37.67 and has cracked $ 36.92 on the downward trend, reaching $ 37.61 with volume of 99.50 thousand shares.
According to the previous trading day, closing price of $ 37.61, representing a 72.33 % increase from the 52 week low of $ 21.76 and a 8.31 % decrease over the 52 week high of $ 40.90.
The company has a market capital of $ 2.03 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 36.00 target price.
Conference Call
ServisFirst Bancshares, Inc. will be hosting a conference call at 5:15 PM eastern time on 19th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.servisfirstbank.com
ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit.
