ServisFirst Bancshares (SFBS) Receiving Somewhat Favorable Press Coverage, Study Finds
News coverage about ServisFirst Bancshares (NASDAQ:SFBS) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ServisFirst Bancshares earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.1025015934938 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of ServisFirst Bancshares (SFBS) traded up 0.82% on Wednesday, hitting $34.44. The stock had a trading volume of 10,527 shares. ServisFirst Bancshares has a one year low of $24.69 and a one year high of $42.66. The firm’s 50-day moving average is $35.60 and its 200-day moving average is $37.15. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 20.87 and a beta of 1.38.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $60.37 million during the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, analysts expect that ServisFirst Bancshares will post $1.80 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday. Stephens reissued a “hold” rating and issued a $38.00 price target on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Finally, BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. ServisFirst Bancshares presently has a consensus rating of “Hold” and an average target price of $37.67.
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In other ServisFirst Bancshares news, EVP Rex D. Mckinney sold 75,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $33.55, for a total transaction of $2,516,250.00. Following the completion of the transaction, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at approximately $3,534,157. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 14.04% of the company’s stock.
ServisFirst Bancshares Company Profile
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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