ServisFirst Bancshares, Inc. (NASDAQ: SFBS – Get a rating) were up 0.5% in Monday midday trading on the back of insider buying activity. The company traded as high as $76.80 and last traded at $76.80. Around 354 stocks changed hands during the midday session, a 100% drop from the average daily volume of 184,777 stocks. The stock previously closed at $76.43. Specifically, CEO Thomas A. Broughton acquired 1,000 shares of the company in a transaction dated Friday, June 10. The shares were acquired at an average price of $76.23 per share, with a total value of $76,230.00. Following completion of the transaction, the CEO now directly owns 251,530 shares of the company, valued at approximately $19,174,131.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, director J. Richard Cashio sold 1,454 shares of the company in a trade on Monday, June 6. The stock was sold at an average price of $82.13, for a total transaction of $119,417.02. Following the transaction, the administrator now owns 448,045 shares of the company, valued at $36,797,935.85. Disclosure of this sale can be found here. 8.31% of the shares are currently held by insiders of the company.
A number of research analysts have recently commented on SFBS shares. StockNews.com began covering ServisFirst Bancshares shares in a report on Thursday, March 31. They issued a “hold” rating for the company. DA Davidson lowered his price target on ServisFirst Bancshares from $97.00 to $94.00 in a Tuesday, April 19 research note.
The company has a market capitalization of $4.17 billion, a price-earnings ratio of 19.60 and a beta of 1.05. The company’s 50-day simple moving average is $82.26 and its two-hundred-day simple moving average is $84.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt ratio of 0.06.
ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) last reported quarterly earnings data on Monday, April 18. The financial services provider reported EPS of $0.99 for the quarter, missing the consensus estimate of $1.06 per ($0.07). The company posted revenue of $113.67 million for the quarter, versus analyst estimates of $110.86 million. ServisFirst Bancshares achieved a return on equity of 18.82% and a net margin of 46.29%. During the same period last year, the company achieved EPS of $0.95. On average, analysts expect ServisFirst Bancshares, Inc. to post earnings per share of 4.38 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8. Shareholders of record on Friday, April 1 received a dividend of $0.23 per share. This represents an annualized dividend of $0.92 and a dividend yield of 1.20%. The ex-dividend date was Thursday, March 31. ServisFirst Bancshares’ dividend payout ratio (DPR) is 23.41%.
Hedge funds have recently changed their positions in the business. NN Investment Partners Holdings NV bought a new position in shares of ServisFirst Bancshares in Q1 worth $54,000. Wolff Wiese Magana LLC purchased a new equity stake from ServisFirst Bancshares during Q1 for $59,000. The Public Employees Retirement System of Ohio increased its stake in ServisFirst Bancshares by 33.7% in the fourth quarter. The Ohio Public Employees Retirement System now owns 770 shares of the financial services provider worth $65,000 after acquiring 194 additional shares in the last quarter. Spire Wealth Management purchased a new stake in ServisFirst Bancshares in Q1 for approximately $88,000. Finally, Consolidated Planning Corp bought a new stake in ServisFirst Bancshares in Q3 for a value of approximately $78,000. 62.48% of the shares are held by institutional investors.
ServisFirst Bancshares Company Profile (NASDAQ:SFBS)
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, deposit-backed loans, and secured and unsecured personal loans.
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