ServisFirst Bancshares, Inc. (NASDAQ:SFBS) CEO Rex D. Mckinney sold 33,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $40.68, for a total value of $1,342,440.00. Following the completion of the sale, the chief executive officer now directly owns 37,340 shares in the company, valued at approximately $1,518,991.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

ServisFirst Bancshares, Inc. (SFBS) traded up 0.494% during midday trading on Monday, hitting $41.705. The company had a trading volume of 7,364 shares. ServisFirst Bancshares, Inc. has a 52 week low of $25.59 and a 52 week high of $42.66. The firm has a market capitalization of $2.21 billion, a P/E ratio of 25.276 and a beta of 1.44. The firm’s 50 day moving average is $37.32 and its 200-day moving average is $36.39.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. The business had revenue of $63.19 million during the quarter, compared to analyst estimates of $64.08 million. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post $1.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 29th. This represents a $0.20 annualized dividend and a yield of 0.48%. ServisFirst Bancshares’s payout ratio is 11.49%.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its position in ServisFirst Bancshares by 135.2% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock valued at $139,000 after buying an additional 2,163 shares during the period. Flinton Capital Management LLC boosted its position in ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,296 shares during the period. Victory Capital Management Inc. boosted its position in ServisFirst Bancshares by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock valued at $156,000 after buying an additional 633 shares during the period. Amalgamated Bank boosted its position in ServisFirst Bancshares by 5.1% during the second quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock valued at $235,000 after buying an additional 309 shares during the period. Finally, Profund Advisors LLC boosted its position in ServisFirst Bancshares by 9.1% during the second quarter. Profund Advisors LLC now owns 8,634 shares of the financial services provider’s stock valued at $319,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 42.55% of the company’s stock.

Several research firms recently weighed in on SFBS. Stephens reissued a “hold” rating and set a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th.

About ServisFirst Bancshares

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.

Insider Buying and Selling by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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