Zacks Investment Research lowered shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

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 downgraded shares of ServisFirst Bancshares from a hold rating to a sell rating in a research report on Saturday, August 10th.

ServisFirst Bancshares stock traded up $0.25 during midday trading on Tuesday, hitting $34.22. 14,207 shares of the company’s stock were exchanged, compared to its average volume of 94,123. ServisFirst Bancshares has a 12-month low of $29.17 and a 12-month high of $41.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 13.53 and a beta of 1.32. The firm’s 50 day simple moving average is $31.25 and its 200 day simple moving average is $33.02.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $75.86 million for the quarter, compared to analysts’ expectations of $77.30 million. On average, equities research analysts forecast that ServisFirst Bancshares will post 2.62 EPS for the current fiscal year.

In other news, EVP Bradford Alan Vieira sold 16,484 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Filler bought 2,000 shares of ServisFirst Bancshares stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $29.44 per share, with a total value of $58,880.00. The disclosure for this purchase can be found here. Insiders bought a total of 4,334 shares of company stock valued at $129,001 in the last 90 days. Company insiders own 13.56% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SFBS. Dimensional Fund Advisors LP lifted its stake in shares of ServisFirst Bancshares by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,330,024 shares of the financial services provider’s stock worth $42,388,000 after acquiring an additional 19,732 shares during the period. Geode Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 571,545 shares of the financial services provider’s stock valued at $18,215,000 after purchasing an additional 46,286 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of ServisFirst Bancshares by 36.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,320 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 3,798 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of ServisFirst Bancshares by 892.7% in the first quarter. BNP Paribas Arbitrage SA now owns 10,751 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 9,668 shares during the period. Finally, SG Americas Securities LLC increased its holdings in ServisFirst Bancshares by 120.7% during the 1st quarter. SG Americas Securities LLC now owns 23,480 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 12,840 shares in the last quarter. Institutional investors own 47.26% of the company’s stock.

ServisFirst Bancshares Company Profile

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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