ServisFirst Bancshares (NASDAQ:SFBS) Upgraded at Zacks Investment Research
According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
Separately, BidaskClub cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, July 15th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.03). ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. The company had revenue of $75.86 million during the quarter, compared to the consensus estimate of $77.30 million. On average, research analysts forecast that ServisFirst Bancshares will post 2.62 earnings per share for the current year.
In other ServisFirst Bancshares news, EVP Bradford Alan Vieira sold 16,484 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $33.20, for a total value of $547,268.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.56% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new position in shares of ServisFirst Bancshares during the 1st quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in ServisFirst Bancshares in the 1st quarter worth approximately $35,000. Denali Advisors LLC purchased a new position in ServisFirst Bancshares in the 2nd quarter worth approximately $123,000. Aperio Group LLC purchased a new position in ServisFirst Bancshares in the 2nd quarter worth approximately $130,000. Finally, Acadian Asset Management LLC purchased a new position in ServisFirst Bancshares in the 2nd quarter worth approximately $143,000. 47.67% of the stock is currently owned by institutional investors.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.
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