Insider Buying: ServisFirst Bancshares Director Buys 1,577 Shares of Stock (SFBS)
ServisFirst Bancshares (NASDAQ:SFBS) Director James J. Filler acquired 1,577 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average cost of $29.81 per share, with a total value of $47,010.37. Following the transaction, the director now directly owns 641,603 shares in the company, valued at approximately $19,126,185. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down 0.64% during mid-day trading on Thursday, hitting $29.70. 20,067 shares of the company’s stock traded hands. ServisFirst Bancshares has a 1-year low of $26.50 and a 1-year high of $30.96. The stock has a 50-day moving average of $28.86 and a 200-day moving average of $28.76. The company has a market cap of $735.0 million and a price-to-earnings ratio of 15.08.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Tuesday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.89. On average, analysts predict that ServisFirst Bancshares will post $2.12 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill initiated coverage on shares of ServisFirst Bancshares in a research note on Monday, June 23rd. They set a “buy” rating and a $11.67 price target on the stock. Analysts at Raymond James initiated coverage on shares of ServisFirst Bancshares in a research note on Monday, June 23rd. They set an “outperform” rating and a $10.89 price target on the stock.
ServisFirst Bancshares, Inc is a bank holding company. The Company’s wholly owned subsidiary, ServisFirst Bank, an Alabama banking corporation, provides commercial banking services through 12 full-service banking offices located in Alabama and the panhandle of Florida, as well as a loan production office in Nashville, Tennessee.