ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller sold 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $42.23, for a total value of $844,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded down $0.65 during trading on Thursday, reaching $39.77. The company had a trading volume of 30,203 shares, compared to its average volume of 161,037. The company has a market capitalization of $2,114.93, a P/E ratio of 23.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares, Inc. has a 1-year low of $32.54 and a 1-year high of $44.00.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $66.31 million during the quarter, compared to the consensus estimate of $65.86 million. ServisFirst Bancshares had a net margin of 33.03% and a return on equity of 16.69%. sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.05 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.56%.
A number of large investors have recently made changes to their positions in SFBS. SG Americas Securities LLC purchased a new stake in ServisFirst Bancshares during the 3rd quarter worth about $146,000. Flinton Capital Management LLC lifted its position in shares of ServisFirst Bancshares by 124.2% in the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 2,296 shares in the last quarter. Welch Investments LLC purchased a new position in shares of ServisFirst Bancshares in the third quarter valued at about $202,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of ServisFirst Bancshares in the third quarter valued at about $212,000. Finally, Victory Capital Management Inc. lifted its position in shares of ServisFirst Bancshares by 30.0% in the third quarter. Victory Capital Management Inc. now owns 5,496 shares of the financial services provider’s stock valued at $214,000 after acquiring 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 research analysts recently issued reports on the company. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Hovde Group set a $44.00 price target on ServisFirst Bancshares and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th.
ServisFirst Bancshares Company Profile
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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