ServisFirst Bancshares (SFBS) Stock Rating Lowered by BidaskClub

ServisFirst Bancshares (NASDAQ:SFBS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th.

ServisFirst Bancshares (NASDAQ SFBS) opened at $40.62 on Friday. ServisFirst Bancshares has a 1-year low of $32.54 and a 1-year high of $44.00. The company has a market cap of $2,152.01, a price-to-earnings ratio of 23.34 and a beta of 1.41. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, October 16th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. The business had revenue of $63.19 million during the quarter, compared to analysts’ expectations of $64.08 million. analysts forecast that ServisFirst Bancshares will post 1.82 EPS for the current fiscal year.

In other ServisFirst Bancshares news, CFO William M. Foshee sold 18,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $40.70, for a total transaction of $732,600.00. Following the sale, the chief financial officer now directly owns 289,502 shares of the company’s stock, valued at $11,782,731.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradford Alan Vieira sold 3,750 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the sale, the executive vice president now directly owns 33,750 shares in the company, valued at $1,160,325. The disclosure for this sale can be found here. Insiders have sold 64,750 shares of company stock worth $2,626,465 over the last ninety days. Insiders own 14.04% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its position in ServisFirst Bancshares by 135.2% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 2,163 shares in the last quarter. SG Americas Securities LLC bought a new stake in ServisFirst Bancshares during the third quarter worth $146,000. Flinton Capital Management LLC raised its position in ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,296 shares in the last quarter. Victory Capital Management Inc. raised its position in ServisFirst Bancshares by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 633 shares in the last quarter. Finally, Welch Investments LLC bought a new position in shares of ServisFirst Bancshares in the third quarter valued at about $202,000. 43.22% of the stock is currently owned by hedge funds and other institutional investors.

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About ServisFirst Bancshares

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.

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