ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP Bradford Alan Vieira sold 3,750 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $34.38, for a total value of $128,925.00. Following the completion of the transaction, the executive vice president now owns 33,750 shares in the company, valued at $1,160,325. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
ServisFirst Bancshares, Inc. (SFBS) opened at 34.84 on Monday. ServisFirst Bancshares, Inc. has a 12-month low of $25.00 and a 12-month high of $42.66. The stock has a 50 day moving average price of $34.58 and a 200-day moving average price of $36.39. The stock has a market capitalization of $1.84 billion, a P/E ratio of 21.12 and a beta of 1.40.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $60.37 million during the quarter, compared to analysts’ expectations of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. Equities research analysts expect that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current year.
A number of equities analysts have recently commented on the company. Stephens restated a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. ServisFirst Bancshares has an average rating of “Hold” and a consensus target price of $37.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in ServisFirst Bancshares by 256.0% during the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 2,304 shares during the last quarter. LS Investment Advisors LLC boosted its position in ServisFirst Bancshares by 121.6% during the first quarter. LS Investment Advisors LLC now owns 3,700 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 2,030 shares during the last quarter. Riverhead Capital Management LLC boosted its position in ServisFirst Bancshares by 135.2% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 2,163 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in ServisFirst Bancshares during the first quarter valued at $145,000. Finally, Flinton Capital Management LLC boosted its position in ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,296 shares during the last quarter. 42.55% of the stock is 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.
Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.