ServisFirst Bancshares, Inc. (SFBS) Director Sells $844,600.00 in Stock

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller sold 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of ServisFirst Bancshares, Inc. (SFBS) traded up $0.51 during trading on Wednesday, hitting $40.42. 160,396 shares of the stock were exchanged, compared to its average volume of 163,877. ServisFirst Bancshares, Inc. has a 12 month low of $32.54 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $2,140.00, a P/E ratio of 23.50 and a beta of 1.31.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). ServisFirst Bancshares had a return on equity of 16.69% and a net margin of 33.03%. The firm had revenue of $66.31 million for the quarter, compared to the consensus estimate of $65.86 million. equities analysts predict that ServisFirst Bancshares, Inc. will post 2.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, December 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.63%.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of ServisFirst Bancshares by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock worth $149,467,000 after acquiring an additional 75,782 shares during the period. California Public Employees Retirement System lifted its holdings in shares of ServisFirst Bancshares by 11.5% during the 2nd quarter. California Public Employees Retirement System now owns 26,200 shares of the financial services provider’s stock worth $967,000 after acquiring an additional 2,700 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $459,000. Saratoga Research & Investment Management bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $1,615,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of ServisFirst Bancshares during the 2nd quarter worth approximately $354,000. 43.15% of the stock is owned by institutional investors.

A number of analysts have issued reports on SFBS shares. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. BidaskClub downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the company a “hold” rating in a report on Tuesday, January 23rd.

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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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