ServisFirst Bancshares Inc. (SFBS) EVP Andrew N. Kattos Sells 11,741 Shares
ServisFirst Bancshares Inc. (NASDAQ:SFBS) EVP Andrew N. Kattos sold 11,741 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $52.39, for a total transaction of $615,110.99. Following the transaction, the executive vice president now owns 128,259 shares in the company, valued at approximately $6,719,489.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.00 on Thursday. The stock has a market cap of $1.37 billion, a PE ratio of 18.51 and a beta of 1.19. The firm has a 50-day moving average of $51.62 and a 200-day moving average of $49.17. ServisFirst Bancshares Inc. has a one year low of $34.12 and a one year high of $53.58.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, equities research analysts expect that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. ServisFirst Bancshares’s payout ratio is currently 11.76%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in ServisFirst Bancshares by 77.7% in the second quarter. Victory Capital Management Inc. now owns 2,433 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,064 shares during the last quarter. Huntington National Bank bought a new position in ServisFirst Bancshares during the second quarter worth approximately $120,000. US Bancorp DE bought a new position in ServisFirst Bancshares during the second quarter worth approximately $132,000. PineBridge Investments L.P. bought a new position in ServisFirst Bancshares during the second quarter worth approximately $137,000. Finally, Teacher Retirement System of Texas boosted its position in ServisFirst Bancshares by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,083 shares of the financial services provider’s stock worth $152,000 after buying an additional 379 shares during the last quarter. 34.03% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the stock. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Thursday, August 25th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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