ServisFirst Bancshares (SFBS) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

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SFBS has been the subject of a number of other research reports. Hovde Group set a $44.00 price target on shares of ServisFirst Bancshares and gave the stock a hold rating in a report on Tuesday, January 23rd. BidaskClub downgraded shares of ServisFirst Bancshares from a buy rating to a hold rating in a report on Saturday, December 9th.

Shares of ServisFirst Bancshares (SFBS) opened at $44.29 on Wednesday. The stock has a market cap of $2,315.46, a P/E ratio of 25.60 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. ServisFirst Bancshares has a 1-year low of $32.54 and a 1-year high of $44.44.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The firm had revenue of $66.31 million for the quarter, compared to analyst estimates of $65.86 million. ServisFirst Bancshares had a return on equity of 16.69% and a net margin of 33.03%. research analysts forecast that ServisFirst Bancshares will post 2.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.05. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.56%.

In related news, Director Michael D. Fuller sold 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP G. Carlton Barker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $43.25, for a total transaction of $432,500.00. Following the transaction, the executive vice president now directly owns 116,462 shares of the company’s stock, valued at approximately $5,036,981.50. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.

Several large investors have recently bought and sold shares of SFBS. Westwood Holdings Group Inc. boosted its position in shares of ServisFirst Bancshares by 84.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 644,316 shares of the financial services provider’s stock worth $26,739,000 after purchasing an additional 295,795 shares during the period. BlackRock Inc. boosted its position in shares of ServisFirst Bancshares by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,709,244 shares of the financial services provider’s stock worth $236,933,000 after purchasing an additional 133,546 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ServisFirst Bancshares by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,833 shares of the financial services provider’s stock worth $45,409,000 after purchasing an additional 114,126 shares during the period. Grandeur Peak Global Advisors LLC boosted its position in shares of ServisFirst Bancshares by 257.8% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 127,025 shares of the financial services provider’s stock worth $5,272,000 after purchasing an additional 91,525 shares during the period. Finally, Welch Group LLC boosted its position in shares of ServisFirst Bancshares by 54.4% during the 4th quarter. Welch Group LLC now owns 229,943 shares of the financial services provider’s stock worth $9,543,000 after purchasing an additional 81,041 shares during the period. 44.44% of the stock is owned by hedge funds and other institutional investors.

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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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