ServisFirst Bancshares, Inc. (SFBS) Given Average Recommendation of “Sell” by Brokerages
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has been assigned an average broker rating score of 4.00 (Sell) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and one has given a hold recommendation to the company.
Brokers have set a 1-year consensus target price of $37.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ServisFirst Bancshares an industry rank of 71 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on the company. Stephens reiterated a “hold” rating on shares of ServisFirst Bancshares in a research report on Tuesday. Hovde Group upgraded ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price objective on the stock in a research report on Tuesday. Finally, Zacks Investment Research upgraded ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, December 20th.
In other news, VP Clarence C. Pouncey III sold 50,000 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $41.91, for a total value of $2,095,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael D. Fuller purchased 2,500 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $39.35 per share, for a total transaction of $98,375.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 41,268 shares of company stock worth $1,723,826 and sold 102,102 shares worth $4,259,654. Corporate insiders own 14.28% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in ServisFirst Bancshares by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the financial services provider’s stock worth $658,000 after buying an additional 300 shares during the period. Bank of Montreal Can increased its position in ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,304 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in ServisFirst Bancshares by 103.4% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,800 shares of the financial services provider’s stock worth $429,000 after buying an additional 6,000 shares during the period. Peregrine Capital Management LLC increased its position in ServisFirst Bancshares by 18.1% in the first quarter. Peregrine Capital Management LLC now owns 487,032 shares of the financial services provider’s stock worth $17,158,000 after buying an additional 74,654 shares during the period. Finally, Macquarie Group Ltd. increased its position in ServisFirst Bancshares by 28.0% in the fourth quarter. Macquarie Group Ltd. now owns 36,184 shares of the financial services provider’s stock worth $1,355,000 after buying an additional 7,915 shares during the period. 19.15% of the stock is currently owned by institutional investors.
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Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded up 2.74% on Tuesday, reaching $35.28. The company’s stock had a trading volume of 374,516 shares. The company has a 50 day moving average price of $37.53 and a 200 day moving average price of $35.37. The company has a market cap of $1.86 billion, a P/E ratio of 23.21 and a beta of 1.45. ServisFirst Bancshares has a 52-week low of $22.56 and a 52-week high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $56.60 million for the quarter, compared to analyst estimates of $55.45 million. ServisFirst Bancshares had a return on equity of 15.91% and a net margin of 34.23%. On average, analysts anticipate that ServisFirst Bancshares will post $1.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Tuesday, April 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.04. ServisFirst Bancshares’s dividend payout ratio is 10.85%.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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