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SFBS

ServisFirst BancsharesNYSE:SFBS Stock Report

Market Cap

US$4.4b

7D

-1.8%

1Y

107.3%

Updated

27 Nov, 2021

Data

Company Financials +
SFBS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends2/6

SFBS Stock Overview

ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers.

ServisFirst Bancshares Competitors

First Financial Bankshares

NasdaqGS:FFIN

US$7.2b

Glacier Bancorp

NasdaqGS:GBCI

US$6.2b

Live Oak Bancshares

NasdaqGS:LOB

US$4.0b

Community Bank System

NYSE:CBU

US$3.9b

Price History & Performance

Summary of all time highs, changes and price drops for ServisFirst Bancshares
Historical stock prices
Current Share PriceUS$80.73
52 Week HighUS$87.19
52 Week LowUS$37.55
Beta1.11
1 Month Change0.26%
3 Month Change9.02%
1 Year Change107.32%
3 Year Change105.06%
5 Year Change118.69%
Change since IPO480.79%

Recent News & Updates

Aug 30

ServisFirst Bancshares: A Strong Foundation Sets The Stage For Continued Outperformance

The bank's growth outlook appears to be better than peers, building on its already strong foundation for continued share price outperformance. Modest margin compression appears likely, but core profitability remains strong. A strong credit performance bolsters investors' confidence in the bank's above-average growth.

Aug 18
Does ServisFirst Bancshares (NYSE:SFBS) Deserve A Spot On Your Watchlist?

Does ServisFirst Bancshares (NYSE:SFBS) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

SFBSUS BanksUS Market
7D-1.8%-0.8%-2.7%
1Y107.3%42.1%21.3%

Return vs Industry: SFBS exceeded the US Banks industry which returned 42.1% over the past year.

Return vs Market: SFBS exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is SFBS's price volatile compared to industry and market?
SFBS volatility
SFBS Average Weekly Movement3.8%
Banks Industry Average Movement3.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: SFBS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SFBS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005518Tom Broughtonhttps://www.servisfirstbank.com

ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. The company accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. Its 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.

ServisFirst Bancshares Fundamentals Summary

How do ServisFirst Bancshares's earnings and revenue compare to its market cap?
SFBS fundamental statistics
Market CapUS$4.38b
Earnings (TTM)US$204.90m
Revenue (TTM)US$380.06m

21.4x

P/E Ratio

3.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFBS income statement (TTM)
RevenueUS$380.06m
Cost of RevenueUS$0
Gross ProfitUS$380.06m
ExpensesUS$175.16m
EarningsUS$204.90m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.78
Gross Margin100.00%
Net Profit Margin53.91%
Debt/Equity Ratio121.3%

How did SFBS perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is ServisFirst Bancshares undervalued compared to its fair value and its price relative to the market?

14.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SFBS ($80.73) is trading below our estimate of fair value ($94.73)

Significantly Below Fair Value: SFBS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SFBS is poor value based on its PE Ratio (21.4x) compared to the US Banks industry average (10.7x).

PE vs Market: SFBS is poor value based on its PE Ratio (21.4x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: SFBS is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: SFBS is overvalued based on its PB Ratio (3.9x) compared to the US Banks industry average (1.1x).


Future Growth

How is ServisFirst Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFBS's forecast earnings growth (5.8% per year) is above the savings rate (2%).

Earnings vs Market: SFBS's earnings (5.8% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: SFBS's earnings are forecast to grow, but not significantly.

Revenue vs Market: SFBS's revenue (7.9% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: SFBS's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SFBS's Return on Equity is forecast to be low in 3 years time (16.6%).


Past Performance

How has ServisFirst Bancshares performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SFBS has high quality earnings.

Growing Profit Margin: SFBS's current net profit margins (53.9%) are higher than last year (51.8%).


Past Earnings Growth Analysis

Earnings Trend: SFBS's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: SFBS's earnings growth over the past year (28.4%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: SFBS earnings growth over the past year (28.4%) underperformed the Banks industry 43%.


Return on Equity

High ROE: SFBS's Return on Equity (18.4%) is considered low.


Financial Health

How is ServisFirst Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SFBS's Assets to Equity ratio (13.1x) is moderate.

Allowance for Bad Loans: SFBS has a sufficient allowance for bad loans (753%).

Low Risk Liabilities: 90% of SFBS's liabilities are made up of primarily low risk sources of funding.

Loan Level: SFBS has an appropriate level of Loans to Assets ratio (60%).

Low Risk Deposits: SFBS's Loans to Deposits ratio (72%) is appropriate.

Level of Bad Loans: SFBS has an appropriate level of bad loans (0.2%).


Dividend

What is ServisFirst Bancshares's current dividend yield, its reliability and sustainability?

0.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SFBS's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: SFBS's dividend (0.99%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SFBS has been paying a dividend for less than 10 years.

Growing Dividend: SFBS's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.1%), SFBS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SFBS's dividends in 3 years are forecast to be well covered by earnings (21.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Tom Broughton (66 yo)

14.83yrs

Tenure

US$1,560,626

Compensation

Mr. Thomas Ashford Broughton III, also known as Tom, has been the Chief Executive Officer, President and Director of ServisFirst Bancshares, Inc. since 2007 and has been its Chairman since January 1, 2019....


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD1.56M) is below average for companies of similar size in the US market ($USD5.20M).

Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SFBS's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: SFBS's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SFBS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ServisFirst Bancshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: ServisFirst Bancshares, Inc.
  • Ticker: SFBS
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$4.376b
  • Shares outstanding: 54.21m
  • Website: https://www.servisfirstbank.com

Number of Employees


Location

  • ServisFirst Bancshares, Inc.
  • 2500 Woodcrest Place
  • Birmingham
  • Alabama
  • 35209
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:24
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.