ServisFirst Bancshares, Inc. (SFBS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) from a hold rating to a sell rating in a report released on Saturday.

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. “

A number of other brokerages have also recently commented on SFBS. BidaskClub cut ServisFirst Bancshares from a sell rating to a strong sell rating in a report on Wednesday, June 28th. Stephens reiterated a hold rating and set a $38.00 target price on shares of ServisFirst Bancshares in a report on Wednesday, July 19th.

ServisFirst Bancshares (NASDAQ:SFBS) opened at 41.16 on Friday. ServisFirst Bancshares has a 12 month low of $25.59 and a 12 month high of $42.66. The stock has a market cap of $2.18 billion, a P/E ratio of 24.95 and a beta of 1.43. The company’s 50-day moving average price is $37.63 and its 200-day moving average price is $36.50.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, October 16th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $63.19 million for the quarter, compared to analysts’ expectations of $64.08 million. ServisFirst Bancshares had a return on equity of 16.84% and a net margin of 35.08%. Equities analysts forecast that ServisFirst Bancshares will post $1.82 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, September 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is 11.49%.

In other news, EVP Bradford Alan Vieira sold 3,750 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the sale, the executive vice president now owns 33,750 shares in the company, valued at $1,160,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rex D. Mckinney sold 75,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $33.55, for a total value of $2,516,250.00. Following the sale, the executive vice president now owns 105,340 shares in the company, valued at approximately $3,534,157. The disclosure for this sale can be found here. Insiders have sold 111,750 shares of company stock worth $3,987,615 in the last 90 days. Insiders own 14.04% of the company’s stock.

Several hedge funds have recently bought and sold shares of SFBS. Riverhead Capital Management LLC boosted its holdings in shares of 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 worth $139,000 after purchasing an additional 2,163 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in shares of 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 worth $153,000 after purchasing an additional 2,296 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $156,000 after purchasing an additional 633 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of ServisFirst Bancshares by 5.1% during the second quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 309 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of ServisFirst Bancshares by 9.1% during the second quarter. Profund Advisors LLC now owns 8,634 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

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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