ServisFirst Bancshares Inc. (NASDAQ:SFBS) gapped up prior to trading on Friday . The stock had previously closed at $49.38, but opened at $49.60. ServisFirst Bancshares shares last traded at $51.45, with a volume of 27,523 shares trading hands.

Separately, Zacks Investment Research raised shares of ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, May 4th.

The stock has a market capitalization of $1.35 billion and a PE ratio of 18.34. The stock has a 50-day moving average of $49.88 and a 200-day moving average of $45.38.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Equities analysts predict that ServisFirst Bancshares Inc. will post $2.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 8th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, July 6th.

In other news, CEO Kenneth Lee Barber sold 10,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $51.49, for a total value of $514,900.00. Following the completion of the transaction, the chief executive officer now directly owns 38,873 shares of the company’s stock, valued at approximately $2,001,570.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G. Carlton Barker sold 7,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $50.53, for a total transaction of $353,710.00. Following the completion of the transaction, the chief executive officer now directly owns 93,231 shares of the company’s stock, valued at $4,710,962.43. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of the stock. Swiss National Bank acquired a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $1,370,000. Rhumbline Advisers raised its position in ServisFirst Bancshares by 3.9% in the fourth quarter. Rhumbline Advisers now owns 29,494 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 1,120 shares during the period. First Trust Advisors LP raised its position in ServisFirst Bancshares by 93.7% in the fourth quarter. First Trust Advisors LP now owns 31,432 shares of the financial services provider’s stock valued at $1,494,000 after buying an additional 15,203 shares during the period. Russell Frank Co raised its position in ServisFirst Bancshares by 42.1% in the fourth quarter. Russell Frank Co now owns 39,774 shares of the financial services provider’s stock valued at $1,958,000 after buying an additional 11,780 shares during the period. Finally, California State Teachers Retirement System raised its position in ServisFirst Bancshares by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 41,343 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 746 shares during the period.

ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.

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