ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP W Bibb Lamar, Jr. sold 502 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $42.90, for a total value of $21,535.80. Following the completion of the transaction, the executive vice president now owns 58,963 shares in the company, valued at approximately $2,529,512.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ SFBS traded up $0.97 during trading hours on Friday, hitting $41.67. The stock had a trading volume of 112,804 shares, compared to its average volume of 85,993. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 23.41 and a beta of 1.23. ServisFirst Bancshares, Inc. has a 52 week low of $33.85 and a 52 week high of $44.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $69.98 million during the quarter, compared to analysts’ expectations of $70.70 million. ServisFirst Bancshares had a return on equity of 18.67% and a net margin of 36.06%. analysts predict that ServisFirst Bancshares, Inc. will post 2.49 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of ServisFirst Bancshares by 18.9% in the 2nd quarter. First Trust Advisors LP now owns 113,344 shares of the financial services provider’s stock valued at $4,730,000 after buying an additional 18,008 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of ServisFirst Bancshares by 66.8% in the 1st quarter. JPMorgan Chase & Co. now owns 74,443 shares of the financial services provider’s stock valued at $3,038,000 after buying an additional 29,800 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of ServisFirst Bancshares by 23.4% in the 2nd quarter. Alps Advisors Inc. now owns 13,563 shares of the financial services provider’s stock valued at $563,000 after buying an additional 2,571 shares in the last quarter. Swiss National Bank grew its stake in shares of ServisFirst Bancshares by 3.4% in the 1st quarter. Swiss National Bank now owns 78,368 shares of the financial services provider’s stock valued at $3,199,000 after buying an additional 2,600 shares in the last quarter. Finally, BlackRock Inc. boosted its position in ServisFirst Bancshares by 2.6% during the first quarter. BlackRock Inc. now owns 5,857,045 shares of the financial services provider’s stock worth $239,086,000 after purchasing an additional 147,801 shares during the period. 45.35% of the stock is owned by institutional investors and hedge funds.
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 various certificates of deposit.
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