ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller acquired 2,500 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was bought at an average price of $39.35 per share, with a total value of $98,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded down 1.15% during mid-day trading on Monday, reaching $38.81. 287,263 shares of the company were exchanged. The stock has a market capitalization of $2.05 billion, a P/E ratio of 25.53 and a beta of 1.45. The firm has a 50-day moving average price of $40.83 and a 200 day moving average price of $33.78. ServisFirst Bancshares, Inc. has a 12 month low of $19.23 and a 12 month high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Monday, January 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.91%. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post $1.66 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. Paradigm Asset Management Co. LLC increased its position in shares of ServisFirst Bancshares by 95.2% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 4,100 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,000 shares in the last quarter. Sei Investments Co. increased its position in shares of ServisFirst Bancshares by 94.7% in the third quarter. Sei Investments Co. now owns 3,325 shares of the financial services provider’s stock valued at $172,000 after buying an additional 1,617 shares in the last quarter. US Bancorp DE increased its position in shares of ServisFirst Bancshares by 27.9% in the third quarter. US Bancorp DE now owns 3,437 shares of the financial services provider’s stock valued at $179,000 after buying an additional 750 shares in the last quarter. Barings LLC purchased a new position in shares of ServisFirst Bancshares during the fourth quarter valued at about $232,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of ServisFirst Bancshares by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,830 shares of the financial services provider’s stock valued at $251,000 after buying an additional 90 shares in the last quarter. 19.15% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on SFBS shares. Hovde Group increased their price objective on shares of ServisFirst Bancshares from $31.50 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, January 31st. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Tuesday, December 20th.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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