ServisFirst Bancshares (NASDAQ:SFBS) Stock Rating Upgraded by 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 upgraded ServisFirst Bancshares from a sell rating to a hold rating in a research note on Thursday, September 12th.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $75.86 million for the quarter, compared to the consensus estimate of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. On average, research analysts predict that ServisFirst Bancshares will post 2.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 23.72%.
In other ServisFirst Bancshares news, Director James J. Filler bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $29.65 per share, for a total transaction of $44,475.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew N. Kattos bought 834 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $30.75 per share, with a total value of $25,645.50. Following the purchase, the executive vice president now owns 121,834 shares in the company, valued at $3,746,395.50. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 4,334 shares of company stock valued at $129,001. 13.56% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in SFBS. Signaturefd LLC bought a new stake in ServisFirst Bancshares during the 1st quarter valued at approximately $27,000. Denali Advisors LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $123,000. Aperio Group LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $130,000. Acadian Asset Management LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $143,000. Finally, RFG Advisory LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 47.26% of the company’s stock.
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.
Recommended Story: What is total return in investing?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.