ServisFirst Bancshares (SFBS) Earning Somewhat Positive News Coverage, Report Finds
News headlines about ServisFirst Bancshares (NASDAQ:SFBS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ServisFirst Bancshares earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.7756834258227 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down $1.01 during trading on Monday, hitting $41.50. The company’s stock had a trading volume of 120,200 shares, compared to its average volume of 155,908. ServisFirst Bancshares has a fifty-two week low of $32.54 and a fifty-two week high of $44.00. The firm has a market capitalization of $2,198.64, a PE ratio of 23.85 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.09.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, October 16th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. ServisFirst Bancshares had a return on equity of 16.84% and a net margin of 35.08%. The business had revenue of $63.19 million during the quarter, compared to analysts’ expectations of $64.08 million. equities analysts forecast that ServisFirst Bancshares will post 1.82 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Zacks Investment Research cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. BidaskClub cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th.
In other news, EVP G. Carlton Barker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total value of $422,500.00. Following the completion of the sale, the executive vice president now directly owns 126,462 shares in the company, valued at $5,343,019.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Mckinney sold 33,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $40.68, for a total value of $1,342,440.00. Following the completion of the sale, the chief executive officer now owns 37,340 shares of the company’s stock, valued at $1,518,991.20. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock valued at $2,497,540 in the last three months. 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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