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62.83
2.00%
+1.23
After Hours:
62.83
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Why is ServisFirst Bancshares Inc (SFBS) Stock down?
We've noticed a 8.85% decline in ServisFirst Bancshares Inc (SFBS) stock during the 2024-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
17 Oct, 2023:
Shares of Servisfirst Bancshares (SFBS) dropped by 4.82% from $52.87 to $50.32 in the trading on Tuesday, October 17, 2023. The reason why SFBS stock down is due to its mixed Q3 earings released on October 16:
- While SFBS reported earnings of 98 cents per share, beating the analyst consensus estimate of 95 cents, it marked a 19.67% drop from the previous year.
- Quarterly sales of $107.83 million missed the analyst consensus estimate of $109.98 million and represented a 20.33% decrease compared to the same period last year.
- SFBS noted a positive development in its loan portfolio, with loans growing by $362.5 million since Q3 2022, and an improving loan pipeline was highlighted as well.
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