ServisFirst Bancshares Inc. (NASDAQ:SFBS)‘s stock had its “market perform” rating restated by analysts at Raymond James Financial Inc. in a research note issued on Tuesday.
SFBS has been the subject of a number of other reports. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Hovde Group lifted their price objective on ServisFirst Bancshares from $55.00 to $55.50 and gave the stock a “market perform” rating in a research report on Tuesday.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) opened at 51.80 on Tuesday. ServisFirst Bancshares has a 52-week low of $34.12 and a 52-week high of $53.58. The stock has a 50 day moving average price of $51.97 and a 200-day moving average price of $50.28. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.44 and a beta of 1.20.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, October 17th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, equities research analysts predict that ServisFirst Bancshares will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th were paid a $0.08 dividend. The ex-dividend date was Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.62%. ServisFirst Bancshares’s dividend payout ratio is presently 11.76%.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 4,259 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total value of $223,427.14. Following the completion of the sale, the executive vice president now owns 127,597 shares in the company, valued at approximately $6,693,738.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew N. Kattos sold 11,741 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $52.39, for a total transaction of $615,110.99. Following the completion of the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at approximately $6,719,489.01. The disclosure for this sale can be found here. 14.28% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SFBS. Macquarie Group Ltd. bought a new stake in ServisFirst Bancshares during the second quarter valued at $1,397,000. Mason Street Advisors LLC bought a new stake in ServisFirst Bancshares during the second quarter valued at $210,000. Royal Bank of Canada boosted its stake in ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock valued at $18,217,000 after buying an additional 313,789 shares during the last quarter. Calvert Investment Management Inc. bought a new stake in ServisFirst Bancshares during the second quarter valued at $3,789,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in ServisFirst Bancshares by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,802 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.
ServisFirst Bancshares Company Profile