ServisFirst Bancshares Inc. (SFBS) Earns “Market Perform” Rating from Raymond James Financial Inc.
ServisFirst Bancshares Inc. (NASDAQ:SFBS)‘s stock had its “market perform” rating restated by analysts at Raymond James Financial Inc. in a research note issued on Tuesday.
SFBS has been the subject of a number of other reports. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Hovde Group lifted their price objective on ServisFirst Bancshares from $55.00 to $55.50 and gave the stock a “market perform” rating in a research report on Tuesday.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) opened at 51.80 on Tuesday. ServisFirst Bancshares has a 52-week low of $34.12 and a 52-week high of $53.58. The stock has a 50 day moving average price of $51.97 and a 200-day moving average price of $50.28. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.44 and a beta of 1.20.
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ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, October 17th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, equities research analysts predict that ServisFirst Bancshares will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th were paid a $0.08 dividend. The ex-dividend date was Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.62%. ServisFirst Bancshares’s dividend payout ratio is presently 11.76%.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 4,259 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total value of $223,427.14. Following the completion of the sale, the executive vice president now owns 127,597 shares in the company, valued at approximately $6,693,738.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew N. Kattos sold 11,741 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $52.39, for a total transaction of $615,110.99. Following the completion of the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at approximately $6,719,489.01. The disclosure for this sale can be found here. 14.28% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SFBS. Macquarie Group Ltd. bought a new stake in ServisFirst Bancshares during the second quarter valued at $1,397,000. Mason Street Advisors LLC bought a new stake in ServisFirst Bancshares during the second quarter valued at $210,000. Royal Bank of Canada boosted its stake in ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock valued at $18,217,000 after buying an additional 313,789 shares during the last quarter. Calvert Investment Management Inc. bought a new stake in ServisFirst Bancshares during the second quarter valued at $3,789,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in ServisFirst Bancshares by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,802 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.
ServisFirst Bancshares Company Profile
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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