Equities researchers at DA Davidson began coverage on shares of ServisFirst Bancshares (NASDAQ:SFBS) in a report released on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

Several other research analysts also recently commented on the company. BidaskClub upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, ValuEngine upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.00.

Shares of NASDAQ SFBS remained flat at $$32.37 during midday trading on Wednesday. The stock had a trading volume of 68,670 shares, compared to its average volume of 130,702. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. ServisFirst Bancshares has a one year low of $29.17 and a one year high of $39.72. The business has a 50 day moving average of $31.94 and a 200 day moving average of $32.82. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.79 and a beta of 1.32.

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 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 the consensus estimate of $77.30 million. As a group, equities analysts forecast that ServisFirst Bancshares will post 2.62 EPS for the current fiscal year.

In other ServisFirst Bancshares news, Director James J. Filler bought 2,000 shares of ServisFirst Bancshares stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $29.44 per share, for a total transaction of $58,880.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bradford Alan Vieira sold 16,484 shares of the business’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 disclosure for this sale can be found here. Insiders have bought a total of 4,334 shares of company stock valued at $129,001 over the last quarter. 13.56% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in ServisFirst Bancshares by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 71,386 shares of the financial services provider’s stock valued at $2,446,000 after purchasing an additional 442 shares during the period. Creative Planning boosted its stake in ServisFirst Bancshares by 0.8% in the 2nd quarter. Creative Planning now owns 84,640 shares of the financial services provider’s stock valued at $2,900,000 after purchasing an additional 640 shares during the period. Royal Bank of Canada boosted its stake in ServisFirst Bancshares by 11.8% in the 2nd quarter. Royal Bank of Canada now owns 7,694 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 814 shares during the period. Welch Group LLC boosted its stake in ServisFirst Bancshares by 0.7% in the 2nd quarter. Welch Group LLC now owns 237,917 shares of the financial services provider’s stock valued at $8,151,000 after purchasing an additional 1,555 shares during the period. Finally, Swiss National Bank boosted its stake in ServisFirst Bancshares by 2.2% in the 2nd quarter. Swiss National Bank now owns 84,368 shares of the financial services provider’s stock valued at $2,890,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds 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.

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