G. Carlton Barker Sells 10,000 Shares of ServisFirst Bancshares, Inc. (SFBS) Stock
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP G. Carlton Barker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00. Following the transaction, the executive vice president now owns 126,462 shares in the company, valued at $5,343,019.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ServisFirst Bancshares, Inc. (SFBS) traded down $1.48 during trading on Thursday, hitting $41.99. 164,845 shares of the stock were exchanged, compared to its average volume of 157,840. ServisFirst Bancshares, Inc. has a twelve month low of $32.54 and a twelve month high of $44.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2,209.77, a price-to-earnings ratio of 23.97 and a beta of 1.44.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. The business had revenue of $63.19 million for the quarter, compared to analyst estimates of $64.08 million. equities analysts forecast that ServisFirst Bancshares, Inc. will post 1.82 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, August 31st.
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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