ServisFirst Bancshares, Inc. (NASDAQ:SFBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

Other analysts have also issued research reports about the company. Stephens reissued a “hold” rating and issued a $38.00 target price on shares of ServisFirst Bancshares in a report on Wednesday. BidaskClub lowered ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, Hovde Group raised ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 target price for the company in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.75.

ServisFirst Bancshares (NASDAQ SFBS) opened at 36.67 on Thursday. ServisFirst Bancshares has a 52-week low of $24.51 and a 52-week high of $42.66. The stock has a market cap of $1.94 billion, a PE ratio of 22.22 and a beta of 1.41. The firm has a 50-day moving average price of $36.58 and a 200 day moving average price of $37.71.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, July 17th. The financial services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $60.37 million during the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, analysts forecast that ServisFirst Bancshares will post $1.80 earnings per share for the current fiscal year.

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In related news, EVP W Bibb Lamar, Jr. sold 28,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $38.78, for a total value of $1,085,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 619 shares of company stock valued at $22,411 in the last ninety days. 14.04% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of SFBS. State of Alaska Department of Revenue raised its stake in shares of ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock valued at $177,000 after buying an additional 110 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of ServisFirst Bancshares by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,100 shares of the financial services provider’s stock valued at $367,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of 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 valued at $658,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its stake in shares of ServisFirst Bancshares by 1.3% in the first quarter. Arizona State Retirement System now owns 23,100 shares of the financial services provider’s stock valued at $840,000 after buying an additional 300 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of ServisFirst Bancshares by 0.6% in the first quarter. Legal & General Group Plc now owns 77,829 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 454 shares during the last quarter. 43.37% of the stock is owned by institutional investors.

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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