ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller sold 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $42.23, for a total value of $844,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
ServisFirst Bancshares, Inc. (NASDAQ SFBS) opened at $39.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $2,114.93, a price-to-earnings ratio of 22.74 and a beta of 1.31. ServisFirst Bancshares, Inc. has a 12 month low of $32.54 and a 12 month high of $44.00.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The company had revenue of $66.31 million during the quarter, compared to analyst estimates of $65.86 million. ServisFirst Bancshares had a net margin of 33.03% and a return on equity of 16.69%. sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 2.46 earnings per share for the current year.
A number of research analysts have commented on SFBS shares. Hovde Group set a $44.00 price objective on ServisFirst Bancshares and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Zacks Investment Research lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Finally, BidaskClub lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
Several hedge funds have recently bought and sold shares of the company. BHK Investment Advisors LLC acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $2,131,000. Wells Fargo & Company MN lifted its stake in shares of ServisFirst Bancshares by 24.4% in the 4th quarter. Wells Fargo & Company MN now owns 82,340 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 16,163 shares during the period. Swiss National Bank lifted its stake in shares of ServisFirst Bancshares by 3.1% in the 4th quarter. Swiss National Bank now owns 75,768 shares of the financial services provider’s stock valued at $3,144,000 after purchasing an additional 2,300 shares during the period. California Public Employees Retirement System lifted its stake in shares of ServisFirst Bancshares by 41.5% in the 4th quarter. California Public Employees Retirement System now owns 24,474 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 7,180 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $645,000. 43.15% of the stock is currently owned by institutional investors.
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ServisFirst Bancshares Company Profile
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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