ServisFirst Bancshares (NASDAQ: SFBS) has been downgraded from Zacks investment research from a âbuyâ note to a âkeepâ note in a research report handed out to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, âServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary ServisFirst Bank, it provides financial services to businesses and individuals. It offers various deposit products, commercial loan products, commercial real estate loans, construction and development loans, and residential real estate and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
Separately, Piper Sandler raised its price target for ServisFirst Bancshares shares from $ 69.00 to $ 79.00 and rated the stock “neutral” in a report released on Tuesday, October 19. Five analysts rated the stock with a conservation rating. According to data from MarketBeat.com, the company currently has an average rating of âHoldâ and an average price target of $ 85.50.
SFBS open at $ 84.97 Wednesday. ServisFirst Bancshares has a one-year minimum of $ 39.44 and a one-year maximum of $ 87.19. The company has a debt ratio of 0.06, a current ratio of 0.99, and a rapid ratio of 0.99. The company has a market cap of $ 4.61 billion, a P / E ratio of 22.54 and a beta of 1.04. The company has a fifty-day moving average price of $ 81.65 and a 200-day moving average price of $ 75.05.
ServisFirst Bancshares (NASDAQ: SFBS) last released its quarterly earnings data on Sunday, October 17. The financial services provider reported earnings per share (EPS) of $ 0.96 for the quarter, hitting analyst consensus estimates of $ 0.96. ServisFirst Bancshares generated a net margin of 46.29% and a return on equity of 19.47%. The company posted revenue of $ 104.35 million in the quarter, compared to a consensus estimate of $ 104.65 million. During the same period of the previous year, the company posted EPS of $ 0.80. On average, analysts expect ServisFirst Bancshares to post earnings per share of 3.8 for the current year.
In other news, the CFO William M. Foshee sold 32,000 shares of the company in a transaction dated Monday, November 8. The shares were sold at an average price of $ 85.10, for a total trade of $ 2,723,200.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible via the SEC website. Additionally, Executive Vice President Henry Fulbrook Abbott sold 477 shares of the company in a transaction dated Friday, December 10. The shares were sold at an average price of $ 80.61, for a total trade of $ 38,450.97. Disclosure of this sale can be found here. Insiders own 9.93% of the company’s shares.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in SFBS. Lazard Asset Management LLC increased its stake in ServisFirst Bancshares shares by 25.1% in the second quarter. Lazard Asset Management LLC now owns 793 shares of the financial services provider valued at $ 53,000 after purchasing 159 additional shares in the last quarter. IndexIQ Advisors LLC raised its holdings of ServisFirst Bancshares shares by 2.5% in the 2nd quarter. IndexIQ Advisors LLC now owns 6,597 shares of the financial services provider valued at $ 448,000 after acquiring 163 additional shares in the last quarter. The Ohio Public Employees Retirement System increased its stake in ServisFirst Bancshares shares by 99.5% in the 2nd quarter. The Ohio Public Employee Retirement System now owns 371 shares of the financial services provider worth $ 25,000 after acquiring 185 more shares in the last quarter. Profund Advisors LLC raised its stake in ServisFirst Bancshares shares by 3.7% in the 2nd quarter. Profund Advisors LLC now owns 5,219 shares of the financial services provider valued at $ 355,000 after acquiring 186 more shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in ServisFirst Bancshares by 2.1% during the 3rd quarter. First Republic Investment Management Inc. now owns 9,860 shares of the financial services provider valued at $ 767,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds hold 59.83% of the company’s shares.
Company profile ServisFirst Bancshares
ServisFirst Bancshares, Inc is a banking holding company that provides banking services to consumers and businesses. It also offers other loans and accepts deposits, electronic banking services such as online and mobile banking, remote deposit capture, cash and cash management, and corresponding banking services from others. financial institutions.
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