ServisFirst Bancshares, Inc. (SFBS) Receives Average Rating of “Hold” from Brokerages
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) have earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating. ServisFirst Bancshares’ rating score has improved by 25% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $37.00 for the company and are anticipating that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned ServisFirst Bancshares an industry rank of 56 out of 265 based on the ratings given to related companies.
Several equities analysts have commented on the company. Hovde Group upped their price target on ServisFirst Bancshares from $31.50 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, January 31st. Stephens reaffirmed a “hold” rating on shares of ServisFirst Bancshares in a report on Tuesday.
In related news, Director Michael D. Fuller bought 2,500 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was acquired at an average cost of $39.35 per share, with a total value of $98,375.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO William M. Foshee sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $42.06, for a total value of $1,261,800.00. The disclosure for this sale can be found here. Over the last three months, insiders bought 41,268 shares of company stock valued at $1,723,826 and sold 102,102 shares valued at $4,259,654. Corporate insiders own 14.28% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,304 shares during the period. Paradigm Asset Management Co. LLC increased its position in shares of ServisFirst Bancshares by 95.2% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 4,100 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,000 shares during the period. Sei Investments Co. increased its position in shares of ServisFirst Bancshares by 94.7% in the third quarter. Sei Investments Co. now owns 3,325 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,617 shares during the period. State of Alaska Department of Revenue increased its position in shares of ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock worth $177,000 after buying an additional 110 shares during the period. Finally, US Bancorp DE increased its position in shares of ServisFirst Bancshares by 27.9% in the third quarter. US Bancorp DE now owns 3,437 shares of the financial services provider’s stock worth $179,000 after buying an additional 750 shares during the period. 19.15% of the stock is owned by institutional investors and hedge funds.
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Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down 0.33% during mid-day trading on Tuesday, reaching $36.77. The company’s stock had a trading volume of 193,208 shares. The company has a market capitalization of $1.94 billion, a PE ratio of 24.19 and a beta of 1.45. The firm’s 50 day moving average is $37.23 and its 200-day moving average is $35.39. ServisFirst Bancshares has a 52-week low of $22.56 and a 52-week high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. ServisFirst Bancshares had a return on equity of 15.91% and a net margin of 34.23%. The business earned $56.60 million during the quarter, compared to analysts’ expectations of $55.45 million. Analysts forecast that ServisFirst Bancshares will post $1.74 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Tuesday, April 4th were issued a $0.05 dividend. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, March 31st. This represents a $0.20 annualized dividend and a yield of 0.54%. ServisFirst Bancshares’s dividend payout ratio is 10.85%.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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