ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $42.23, for a total value of $844,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ServisFirst Bancshares, Inc. (SFBS) opened at $40.33 on Friday. ServisFirst Bancshares, Inc. has a 1 year low of $32.54 and a 1 year high of $44.00. The company has a market capitalization of $2,141.96, a P/E ratio of 23.31 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). ServisFirst Bancshares had a return on equity of 16.69% and a net margin of 33.03%. The company had revenue of $66.31 million for the quarter, compared to analysts’ expectations of $65.86 million. analysts forecast that ServisFirst Bancshares, Inc. will post 2.46 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in ServisFirst Bancshares during the third quarter worth approximately $146,000. Flinton Capital Management LLC lifted 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 buying an additional 2,296 shares in the last quarter. Welch Investments LLC purchased a new position in ServisFirst Bancshares during the third quarter worth approximately $202,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in ServisFirst Bancshares during the third quarter worth approximately $212,000. Finally, Victory Capital Management Inc. lifted its position in ServisFirst Bancshares by 30.0% during the third quarter. Victory Capital Management Inc. now owns 5,496 shares of the financial services provider’s stock worth $214,000 after buying an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 43.15% of the company’s stock.
Several equities analysts have recently weighed in on SFBS shares. Zacks Investment Research upgraded ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Saturday, January 13th. BidaskClub downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Hovde Group set a $44.00 target price on ServisFirst Bancshares and gave the company a “hold” rating in a research report on Tuesday, January 23rd.
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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