Stephens reaffirmed their hold rating on shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) in a research note released on Wednesday. They currently have a $38.00 price target on the financial services provider’s stock.
SFBS has been the topic of a number of other reports. BidaskClub lowered ServisFirst Bancshares from a sell rating to a strong sell rating in a research note on Wednesday, June 28th. Hovde Group raised ServisFirst Bancshares from an underperform rating to a market perform rating and set a $37.00 price objective on the stock in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. ServisFirst Bancshares currently has a consensus rating of Hold and a consensus target price of $49.75.
Shares of ServisFirst Bancshares (SFBS) traded down 1.52% during trading on Wednesday, reaching $36.21. 110,330 shares of the company were exchanged. ServisFirst Bancshares has a 1-year low of $24.51 and a 1-year high of $42.66. The firm’s 50 day moving average is $36.65 and its 200 day moving average is $37.70. The firm has a market capitalization of $1.92 billion, a P/E ratio of 21.95 and a beta of 1.41.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, equities analysts anticipate that ServisFirst Bancshares will post $1.80 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, June 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 12.05%.
In other news, EVP W Bibb Lamar, Jr. sold 28,000 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $38.78, for a total value of $1,085,840.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders bought 619 shares of company stock worth $22,411. Corporate insiders own 14.04% of the company’s stock.
Several large investors have recently bought and sold shares of SFBS. BlackRock Inc. increased its stake in ServisFirst Bancshares by 146,046.5% in the first quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after buying an additional 5,447,535 shares in the last quarter. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 35.1% in the first quarter. Vanguard Group Inc. now owns 3,975,898 shares of the financial services provider’s stock valued at $144,643,000 after buying an additional 1,033,129 shares in the last quarter. State Street Corp increased its stake in ServisFirst Bancshares by 22.7% in the first quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock valued at $52,056,000 after buying an additional 264,493 shares in the last quarter. FMR LLC purchased a new stake in ServisFirst Bancshares during the fourth quarter valued at about $44,082,000. Finally, Dimensional Fund Advisors LP increased its stake in ServisFirst Bancshares by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock valued at $34,228,000 after buying an additional 140,253 shares in the last quarter. Hedge funds and other institutional investors own 43.37% 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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