ServisFirst Bancshares Inc. (SFBS) CFO William M. Foshee Sells 3,000 Shares of Stock
ServisFirst Bancshares Inc. (NASDAQ:SFBS) CFO William M. Foshee sold 3,000 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $70.96, for a total value of $212,880.00. Following the completion of the sale, the chief financial officer now owns 168,751 shares of the company’s stock, valued at approximately $11,974,570.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 71.47 on Tuesday. The stock has a 50 day moving average of $57.99 and a 200-day moving average of $52.61. The firm has a market capitalization of $1.88 billion, a P/E ratio of 24.07 and a beta of 1.16. ServisFirst Bancshares Inc. has a 1-year low of $34.12 and a 1-year high of $71.97.
ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Monday, October 17th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. ServisFirst Bancshares had a net margin of 34.91% and a return on equity of 16.10%. On average, equities research analysts anticipate that ServisFirst Bancshares Inc. will post $2.84 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in SFBS. 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 worth $69,341,000 after buying an additional 837,607 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in ServisFirst Bancshares during the third quarter worth approximately $16,567,000. 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 worth $18,217,000 after buying an additional 313,789 shares in the last quarter. 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 worth $49,751,000 after buying an additional 221,357 shares in the last quarter. Finally, Northern Trust Corp raised its stake in ServisFirst Bancshares by 164.6% in the third quarter. Northern Trust Corp now owns 274,872 shares of the financial services provider’s stock worth $14,268,000 after buying an additional 170,975 shares in the last quarter. 34.83% of the stock is owned by hedge funds and other institutional investors.
SFBS has been the topic of a number of research reports. Raymond James Financial Inc. raised 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 note on Thursday, August 25th. Hovde Group upped their price target on shares of ServisFirst Bancshares from $55.00 to $55.50 and gave the stock a “market perform” rating in a research note on Tuesday, October 18th.
About ServisFirst Bancshares
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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