ServisFirst Bancshares Inc. (SFBS) EVP Andrew N. Kattos Sells 4,259 Shares
ServisFirst Bancshares Inc. (NASDAQ:SFBS) EVP Andrew N. Kattos sold 4,259 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total transaction of $223,427.14. Following the sale, the executive vice president now owns 127,597 shares in the company, valued at approximately $6,693,738.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) traded down 0.61% during trading on Friday, reaching $52.50. 3,071 shares of the company’s stock traded hands. The stock has a market cap of $1.38 billion, a P/E ratio of 18.69 and a beta of 1.19. ServisFirst Bancshares Inc. has a one year low of $34.12 and a one year high of $53.58. The firm’s 50 day moving average price is $51.81 and its 200-day moving average price is $49.66.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, beating the 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 analysts anticipate that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Tuesday, October 4th will be given a $0.08 dividend. The ex-dividend date is Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.61%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 11.76%.
Several analysts recently commented on SFBS shares. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. 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.
A number of hedge funds have recently added to or reduced their stakes in SFBS. BlackRock Fund Advisors increased its stake in ServisFirst Bancshares by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,403,955 shares of the financial services provider’s stock valued at $69,341,000 after buying an additional 837,607 shares during the period. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,007,306 shares of the financial services provider’s stock valued at $49,751,000 after buying an additional 221,357 shares during the period. State Street Corp increased its stake in ServisFirst Bancshares by 18.1% in the second quarter. State Street Corp now owns 523,988 shares of the financial services provider’s stock valued at $25,880,000 after buying an additional 80,336 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of ServisFirst Bancshares by 32.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 471,685 shares of the financial services provider’s stock valued at $23,297,000 after buying an additional 114,565 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock valued at $18,217,000 after buying an additional 313,789 shares in the last quarter. Hedge funds and other institutional investors own 34.03% of the company’s stock.
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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