ServisFirst Bancshares (NASDAQ:SFBS) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a sell rating in a research note released on Thursday, BidAskClub reports.

Separately, Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $40.00.

NASDAQ:SFBS traded up $0.14 on Thursday, reaching $33.20. 1,886 shares of the stock traded hands, compared to its average volume of 157,129. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.12 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. ServisFirst Bancshares has a 12 month low of $29.90 and a 12 month high of $44.06. The stock’s fifty day moving average is $32.97.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). ServisFirst Bancshares had a net margin of 36.49% and a return on equity of 19.37%. The business had revenue of $75.86 million for the quarter, compared to the consensus estimate of $77.30 million. As a group, research analysts predict that ServisFirst Bancshares will post 2.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.81%. ServisFirst Bancshares’s payout ratio is 23.72%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in ServisFirst Bancshares by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 579,817 shares of the financial services provider’s stock valued at $18,479,000 after purchasing an additional 40,902 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of ServisFirst Bancshares by 5.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 61,317 shares of the financial services provider’s stock worth $1,803,000 after buying an additional 3,330 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of ServisFirst Bancshares by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,330,024 shares of the financial services provider’s stock worth $42,388,000 after buying an additional 19,732 shares in the last quarter. Stifel Financial Corp grew its position in shares of ServisFirst Bancshares by 0.8% during the fourth quarter. Stifel Financial Corp now owns 110,249 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 833 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in ServisFirst Bancshares by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 571,545 shares of the financial services provider’s stock worth $18,215,000 after purchasing an additional 46,286 shares during the last quarter. 47.67% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or 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, loans secured by deposits, and secured and unsecured personal loans.

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