ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP Bradford Alan Vieira sold 3,750 shares of ServisFirst Bancshares stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total value of $128,925.00. Following the sale, the executive vice president now owns 33,750 shares in the company, valued at $1,160,325. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
ServisFirst Bancshares, Inc. (NASDAQ SFBS) traded up 1.87% on Friday, reaching $34.92. The company’s stock had a trading volume of 119,848 shares. The stock has a market cap of $1.85 billion, a P/E ratio of 21.16 and a beta of 1.40. The stock has a 50-day moving average of $34.62 and a 200-day moving average of $36.45. ServisFirst Bancshares, Inc. has a one year low of $25.00 and a one year high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. The firm had revenue of $60.37 million for the quarter, compared to the consensus estimate of $60.33 million. On average, analysts predict that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,304 shares during the period. LS Investment Advisors LLC raised its stake in shares of ServisFirst Bancshares by 121.6% in the first quarter. LS Investment Advisors LLC now owns 3,700 shares of the financial services provider’s stock worth $135,000 after buying an additional 2,030 shares during the period. Riverhead Capital Management LLC raised its stake in shares of ServisFirst Bancshares by 135.2% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after buying an additional 2,163 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of ServisFirst Bancshares in the first quarter worth about $145,000. Finally, Flinton Capital Management LLC raised its stake 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 worth $153,000 after buying an additional 2,296 shares during the period. 42.55% of the stock is currently owned by hedge funds and other institutional investors.
SFBS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, August 25th. Stephens restated a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. Finally, BidaskClub cut ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.67.
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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