ServisFirst Bancshares Inc. (SFBS) Earns “Market Perform” Rating from Raymond James Financial Inc.
ServisFirst Bancshares Inc. (NASDAQ:SFBS)‘s stock had its “market perform” rating reaffirmed by analysts at Raymond James Financial Inc. in a report issued on Tuesday.
A number of other analysts have also recently commented on SFBS. Hovde Group lifted their price target on ServisFirst Bancshares from $55.00 to $55.50 and gave the stock a “market perform” rating in a research report on Tuesday. Zacks Investment Research cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) opened at 51.80 on Tuesday. ServisFirst Bancshares has a 52-week low of $34.12 and a 52-week high of $53.58. The company’s 50 day moving average price is $51.97 and its 200 day moving average price is $50.28. The stock has a market cap of $1.36 billion, a PE ratio of 18.44 and a beta of 1.20.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Monday, October 17th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%. On average, analysts anticipate that ServisFirst Bancshares will post $2.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Tuesday, October 4th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. ServisFirst Bancshares’s payout ratio is 11.76%.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 4,259 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total transaction of $223,427.14. Following the completion of the sale, the executive vice president now directly owns 127,597 shares in the company, valued at approximately $6,693,738.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Andrew N. Kattos sold 11,741 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $52.39, for a total value of $615,110.99. Following the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at $6,719,489.01. The disclosure for this sale can be found here. 14.28% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised 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. raised 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 raised 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. raised its stake in 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 during the period. Finally, Royal Bank of Canada raised its stake in 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 during the period. Institutional investors own 33.94% 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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