ServisFirst Bancshares (NASDAQ:SFBS) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a sell rating to a hold rating in a research note published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research cut shares of ServisFirst Bancshares from a hold rating to a sell rating in a report on Tuesday.

NASDAQ SFBS traded up $0.20 on Thursday, hitting $34.17. 10,173 shares of the stock were exchanged, compared to its average volume of 94,123. ServisFirst Bancshares has a 52-week low of $29.17 and a 52-week high of $41.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.54 and a beta of 1.32. The company’s 50-day moving average price is $31.25 and its two-hundred day moving average price is $33.02.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. The firm had revenue of $75.86 million for the quarter, compared to analysts’ expectations of $77.30 million. Equities analysts predict that ServisFirst Bancshares will post 2.62 EPS for the current fiscal year.

In related news, Director James J. Filler purchased 2,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $29.44 per share, for a total transaction of $58,880.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradford Alan Vieira sold 16,484 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $33.20, for a total transaction of $547,268.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 4,334 shares of company stock worth $129,001. 13.56% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC bought a new stake in ServisFirst Bancshares in the first quarter worth $27,000. Denali Advisors LLC bought a new stake in ServisFirst Bancshares in the second quarter worth $123,000. Aperio Group LLC bought a new stake in ServisFirst Bancshares in the second quarter worth $130,000. Acadian Asset Management LLC bought a new stake in ServisFirst Bancshares in the second quarter worth $143,000. Finally, RFG Advisory LLC bought a new stake in ServisFirst Bancshares in the second quarter worth $200,000. Institutional investors and hedge funds own 47.26% of the company’s stock.

About ServisFirst Bancshares

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. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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.

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