BidaskClub upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a buy rating in a research note published on Thursday.
A number of other equities research analysts also recently commented on SFBS. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a sell rating to a hold rating in a research report on Friday, November 17th. 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.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) opened at $43.70 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $2,319.68, a PE ratio of 25.26 and a beta of 1.34. ServisFirst Bancshares has a 12-month low of $32.54 and a 12-month high of $44.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.05. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.56%.
In related news, EVP G. Carlton Barker sold 10,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 116,462 shares in the company, valued at $5,036,981.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael D. Fuller sold 20,000 shares of the firm’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 disclosure for this sale can be found here. 14.04% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at approximately $146,000. Elkfork Partners LLC acquired a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $202,000. Welch Investments LLC acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at approximately $202,000. Leucadia National Corp acquired a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $225,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at approximately $212,000. Institutional investors own 44.35% of the company’s stock.
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.
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