The ServisFirst Bancshares Inc. (SFBS) Announces Quarterly Earnings Results

The ServisFirst Bancshares Inc. (SFBS) Announces Quarterly  Earnings Results

ServisFirst Bancshares Inc. (NASDAQ:SFBS) issued its quarterly earnings data on Monday. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.07. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%.

Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down 2.19% during trading on Monday, reaching $51.80. The company’s stock had a trading volume of 53,642 shares. The company has a market cap of $1.36 billion, a PE ratio of 18.44 and a beta of 1.20. The stock’s 50 day moving average price is $51.98 and its 200 day moving average price is $50.13. ServisFirst Bancshares has a 52 week low of $34.12 and a 52 week high of $53.58.

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.60%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.76%.

In other news, EVP Andrew N. Kattos sold 4,259 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total transaction of $223,427.14. Following the sale, the executive vice president now owns 127,597 shares in the company, valued at approximately $6,693,738.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rex D. Mckinney sold 48,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $50.32, for a total value of $2,415,360.00. Following the sale, the executive vice president now owns 28,000 shares in the company, valued at approximately $1,408,960. The disclosure for this sale can be found here. 14.28% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of ServisFirst Bancshares during the second quarter worth about $132,000. KCG Holdings Inc. bought a new stake in shares of ServisFirst Bancshares during the second quarter worth about $240,000. Capstone Investment Advisors LLC bought a new stake in shares of ServisFirst Bancshares during the second quarter worth about $273,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of ServisFirst Bancshares during the second quarter worth about $395,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of ServisFirst Bancshares by 335.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,175 shares of the financial services provider’s stock worth $453,000 after buying an additional 7,067 shares in the last quarter. Institutional investors own 33.94% of the company’s stock.

SFBS has been the topic of several recent research reports. Raymond James Financial Inc. raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.

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