ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $37.67.
A number of brokerages have recently commented on SFBS. Zacks Investment Research raised shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, August 31st. Stephens reissued a “hold” rating and issued a $38.00 target price on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th.
ServisFirst Bancshares (SFBS) opened at 34.69 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of 21.02 and a beta of 1.40. The firm has a 50 day moving average of $34.82 and a 200 day moving average of $36.53. ServisFirst Bancshares has a 1-year low of $24.69 and a 1-year high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The business had revenue of $60.37 million for the quarter, compared to the consensus estimate of $60.33 million. On average, equities research analysts expect that ServisFirst Bancshares will post $1.80 EPS for the current year.
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In other news, Director James J. Filler purchased 3,546 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $32.79 per share, with a total value of $116,273.34. Following the purchase, the director now directly owns 1,313,152 shares of the company’s stock, valued at approximately $43,058,254.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rex D. Mckinney sold 75,000 shares of ServisFirst Bancshares stock in a transaction on Monday, August 21st. The stock was sold at an average price of $33.55, for a total transaction of $2,516,250.00. Following the sale, the executive vice president now directly owns 105,340 shares in the company, valued at approximately $3,534,157. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in ServisFirst Bancshares by 256.0% during the 1st 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 increased its stake in ServisFirst Bancshares by 121.6% during the 1st 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 increased its stake in ServisFirst Bancshares by 135.2% during the 2nd 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. purchased a new stake in ServisFirst Bancshares during the 1st quarter worth $145,000. Finally, Flinton Capital Management LLC increased its stake in ServisFirst Bancshares by 124.2% during the 2nd 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.
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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