Bradford Alan Vieira Sells 3,750 Shares of ServisFirst Bancshares, Inc. (SFBS) Stock
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP Bradford Alan Vieira sold 3,750 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $34.38, for a total transaction of $128,925.00. Following the completion of the transaction, the executive vice president now owns 33,750 shares in the company, valued at approximately $1,160,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ServisFirst Bancshares, Inc. (NASDAQ SFBS) opened at 34.84 on Friday. The firm has a 50 day moving average of $34.58 and a 200-day moving average of $36.39. ServisFirst Bancshares, Inc. has a 52-week low of $25.00 and a 52-week high of $42.66. The stock has a market cap of $1.84 billion, a PE ratio of 21.12 and a beta of 1.40.
ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $60.37 million during the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. Equities analysts anticipate that ServisFirst Bancshares, Inc. will post $1.80 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at about $397,000. Piedmont Investment Advisors LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at about $354,000. Westwood Holdings Group Inc. lifted its holdings in ServisFirst Bancshares by 43.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 326,609 shares of the financial services provider’s stock valued at $12,049,000 after buying an additional 98,776 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in ServisFirst Bancshares by 25.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 36,134 shares of the financial services provider’s stock valued at $1,333,000 after buying an additional 7,303 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in ServisFirst Bancshares by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,174 shares of the financial services provider’s stock valued at $1,334,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 42.55% of the company’s stock.
SFBS has been the topic of a number of analyst reports. BidaskClub cut shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Stephens restated a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. ServisFirst Bancshares presently has an average rating of “Hold” and an average price target of $37.67.
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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