Separately, Zacks Investment Research cut shares of ServisFirst Bancshares from a hold rating to a sell rating in a research report on Tuesday, September 10th.
Shares of NASDAQ:SFBS opened at $34.09 on Thursday. The firm has a fifty day moving average price of $31.27 and a two-hundred day moving average price of $33.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. ServisFirst Bancshares has a one year low of $29.17 and a one year high of $41.82. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 13.47 and a beta of 1.32.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly 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). The firm had revenue of $75.86 million during the quarter, compared to the consensus estimate of $77.30 million. ServisFirst Bancshares had a net margin of 36.49% and a return on equity of 19.37%. Equities research analysts expect that ServisFirst Bancshares will post 2.62 EPS for the current fiscal year.
In related news, EVP Andrew N. Kattos acquired 834 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of $30.75 per share, for a total transaction of $25,645.50. Following the transaction, the executive vice president now owns 121,834 shares in the company, valued at approximately $3,746,395.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradford Alan Vieira sold 16,484 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $33.20, for a total transaction of $547,268.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 4,334 shares of company stock worth $129,001. Corporate insiders own 13.56% of the company’s stock.
Several institutional investors have recently bought and sold shares of SFBS. Oregon Public Employees Retirement Fund raised its position in ServisFirst Bancshares by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,750 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 321 shares during the period. Arizona State Retirement System raised its position 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 worth $2,446,000 after purchasing an additional 442 shares during the period. Alps Advisors Inc. raised its position in ServisFirst Bancshares by 4.2% in the 1st quarter. Alps Advisors Inc. now owns 11,799 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 478 shares during the period. Mason Street Advisors LLC raised its position in ServisFirst Bancshares by 3.8% in the 1st quarter. Mason Street Advisors LLC now owns 14,770 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 537 shares during the period. Finally, Piedmont Investment Advisors Inc. raised its position in ServisFirst Bancshares by 5.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,554 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 636 shares during the period. Hedge funds and other institutional investors own 47.26% of the company’s stock.
ServisFirst Bancshares Company Profile
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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