ServisFirst Bancshares Inc. (NASDAQ:SFBS) EVP Andrew N. Kattos sold 4,259 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total transaction of $223,427.14. Following the completion of the transaction, the executive vice president now directly owns 127,597 shares in the company, valued at $6,693,738.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.69 on Monday. The company’s 50-day moving average is $51.84 and its 200-day moving average is $49.76. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.76 and a beta of 1.20.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, analysts expect that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, September 30th. ServisFirst Bancshares’s dividend payout ratio is 11.76%.
Several equities analysts have recently weighed in on SFBS shares. Raymond James Financial Inc. raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in ServisFirst Bancshares by 77.7% in the second quarter. Victory Capital Management Inc. now owns 2,433 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,064 shares in the last quarter. Huntington National Bank purchased a new position in ServisFirst Bancshares during the second quarter worth about $120,000. US Bancorp DE purchased a new position in ServisFirst Bancshares during the second quarter worth about $132,000. PineBridge Investments L.P. purchased a new position in ServisFirst Bancshares during the second quarter worth about $137,000. Finally, Teacher Retirement System of Texas increased its position in ServisFirst Bancshares by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,083 shares of the financial services provider’s stock worth $152,000 after buying an additional 379 shares in the last quarter. 34.03% of the stock is currently owned by hedge funds and other institutional investors.
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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