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 changing hands.

Separately, Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, May 4th.

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

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Analysts expect that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 8th were paid a $0.08 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%.

In other news, CEO G. Carlton Barker sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $50.00, for a total value of $150,000.00. Following the completion of the sale, the chief executive officer now directly owns 100,231 shares in the company, valued at $5,011,550. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kenneth Lee Barber sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 38,873 shares of the company’s stock, valued at $2,001,570.77. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of ServisFirst Bancshares by 135.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 158,781 shares of the financial services provider’s stock worth $7,547,000 after buying an additional 91,322 shares during the period. California State Teachers Retirement System raised its stake in shares of 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 worth $1,965,000 after buying an additional 746 shares during the period. Russell Frank Co raised its stake in shares of ServisFirst Bancshares by 42.1% in the fourth quarter. Russell Frank Co now owns 39,774 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 11,780 shares during the period. First Trust Advisors LP raised its stake in shares of 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 worth $1,494,000 after buying an additional 15,203 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of ServisFirst Bancshares by 3.9% in the fourth quarter. Rhumbline Advisers now owns 29,494 shares of the financial services provider’s stock worth $1,402,000 after buying an additional 1,120 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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