ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) CEO Thomas A. Broughton purchased 1,000 shares in a trade dated Friday, June 10. The shares were purchased at an average price of $76.23 per share, with a total value of $76,230.00. Following completion of the transaction, the CEO now owns 251,530 shares of the company, valued at $19,174,131.90. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website.
ServisFirst Bancshares stock traded down $0.83 at midday Friday, hitting $76.47. 5,457 shares of the company were traded, against an average volume of 132,798. The company has a market capitalization of $4.15 billion, a price-earnings ratio of 20.34 and a beta of 1.05. The company’s 50-day simple moving average is $82.64 and its 200-day simple moving average is $84.91. ServisFirst Bancshares, Inc. has a 1-year low of $63.28 and a 1-year high of $97.25. The company has a debt ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported EPS of $1.06 for the quarter, beating analyst consensus estimates of $1.05 by $0.01. ServisFirst Bancshares achieved a return on equity of 18.82% and a net margin of 46.29%. In the same quarter a year earlier, the company posted earnings per share of $0.95. On average, analysts expect ServisFirst Bancshares, Inc. to post an EPS of 4.38 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 8. Shareholders of record on Friday, April 1 received a dividend of $0.23. This represents an annualized dividend of $0.92 and a yield of 1.20%. The ex-dividend date was Thursday, March 31. ServisFirst Bancshares’ dividend payout ratio (DPR) is 23.41%.
A number of research companies have recently commented on SFBS. DA Davidson reduced its price target on ServisFirst Bancshares from $97.00 to $94.00 in a Tuesday, April 19 research report. Zacks Investment Research upgraded ServisFirst Bancshares from a “buy” to a “hold” rating in a Wednesday, June 1 research report. Finally, StockNews.com began covering ServisFirst Bancshares in a research report on Thursday, March 31. They issued a “hold” rating for the company. Five investment analysts gave the stock a holding rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.67.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in ServisFirst Bancshares by 109.5% in Q1. EverSource Wealth Advisors LLC now owns 34,628 shares of the financial services provider valued at $3,300,000 after purchasing an additional 18,100 shares during the period. Advisory Services Network LLC increased its stake in ServisFirst Bancshares by 12.9% in the 1st quarter. Advisory Services Network LLC now owns 61,671 shares of the financial services provider valued at $5,876,000 after purchasing an additional 7,043 shares during the period. Neuberger Berman Group LLC increased its stake in ServisFirst Bancshares by 419.1% in the 1st quarter. Neuberger Berman Group LLC now owns 27,176 shares of the financial services provider valued at $2,589,000 after purchasing an additional 21,941 shares during the period. Eubel Brady & Suttman Asset Management Inc. increased its stake in ServisFirst Bancshares by 17.7% in the 1st quarter. Eubel Brady & Suttman Asset Management Inc. now owns 32,890 shares of the financial services provider valued at $3,134,000 after purchasing an additional 4,940 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in ServisFirst Bancshares by 9.1% in the 1st quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider valued at $298,000 after purchasing an additional 261 shares during the period. Institutional investors hold 62.48% of the company’s shares.
ServisFirst Bancshares Company Profile (Get an assessment)
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, 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, deposit-backed loans, and secured and unsecured personal loans.
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