ServisFirst Bancshares Inc. (NASDAQ:SFBS) CFO William M. Foshee sold 3,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $70.96, for a total transaction of $212,880.00. Following the transaction, the chief financial officer now directly owns 168,751 shares of the company’s stock, valued at approximately $11,974,570.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) traded down 0.68% during midday trading on Monday, reaching $71.47. 115,627 shares of the company traded hands. ServisFirst Bancshares Inc. has a 12-month low of $34.12 and a 12-month high of $71.97. The company has a 50-day moving average price of $57.45 and a 200-day moving average price of $52.41. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 24.07 and a beta of 1.16.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, October 17th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. ServisFirst Bancshares had a return on equity of 16.10% and a net margin of 34.91%. On average, analysts predict that ServisFirst Bancshares Inc. will post $2.84 earnings per share for the current fiscal year.
Several research firms recently weighed in on SFBS. Hovde Group downgraded shares of ServisFirst Bancshares from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $55.50 to $63.00 in a report on Friday, November 18th. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of ServisFirst Bancshares in a report on Tuesday, October 18th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of ServisFirst Bancshares by 9.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 357,120 shares of the financial services provider’s stock worth $15,856,000 after buying an additional 30,075 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of ServisFirst Bancshares during the second quarter worth approximately $346,000. Capstone Asset Management Co. purchased a new position in shares of ServisFirst Bancshares during the second quarter worth approximately $449,000. Warren Averett Asset Management LLC raised its position in shares of ServisFirst Bancshares by 0.5% in the second quarter. Warren Averett Asset Management LLC now owns 81,930 shares of the financial services provider’s stock worth $4,047,000 after buying an additional 410 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of ServisFirst Bancshares by 36.2% in the second quarter. Leavell Investment Management Inc. now owns 37,613 shares of the financial services provider’s stock worth $1,858,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 34.83% of the company’s stock.
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