ServisFirst Bancshares (NASDAQ:SFBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Several other analysts also recently weighed in on SFBS. BidaskClub upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the company a “hold” rating in a research report on Tuesday, January 23rd.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share (EPS) 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 business had revenue of $66.31 million during the quarter, compared to the consensus estimate of $65.86 million. equities analysts expect that ServisFirst Bancshares will post 2.49 EPS for the current year.
In related news, EVP G. Carlton Barker sold 10,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $43.25, for a total value of $432,500.00. Following the sale, the executive vice president now directly owns 116,462 shares in the company, valued at approximately $5,036,981.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael D. Fuller sold 20,000 shares of ServisFirst Bancshares 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 disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.
Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in ServisFirst Bancshares by 30.0% during the 3rd quarter. Victory Capital Management Inc. now owns 5,496 shares of the financial services provider’s stock valued at $214,000 after buying an additional 1,267 shares during the period. Macquarie Group Ltd. increased its stake in ServisFirst Bancshares by 3.9% during the 3rd quarter. Macquarie Group Ltd. now owns 40,503 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 1,505 shares during the period. Alps Advisors Inc. increased its stake in ServisFirst Bancshares by 13.6% during the 3rd quarter. Alps Advisors Inc. now owns 13,563 shares of the financial services provider’s stock valued at $527,000 after buying an additional 1,621 shares during the period. Principal Financial Group Inc. increased its stake in ServisFirst Bancshares by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 374,117 shares of the financial services provider’s stock valued at $14,535,000 after buying an additional 2,051 shares during the period. Finally, American International Group Inc. increased its stake in ServisFirst Bancshares by 6.0% during the 3rd quarter. American International Group Inc. now owns 36,488 shares of the financial services provider’s stock valued at $1,418,000 after buying an additional 2,080 shares during the period. Hedge funds and other institutional investors own 44.44% of the company’s stock.
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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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