ServisFirst Bancshares Inc. (NASDAQ:SFBS) EVP Andrew N. Kattos sold 11,741 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $52.39, for a total value of $615,110.99. Following the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at $6,719,489.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 51.91 on Monday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 18.48 and a beta of 1.19. The company has a 50-day moving average price of $51.67 and a 200-day moving average price of $49.27. ServisFirst Bancshares Inc. has a 1-year low of $34.12 and a 1-year high of $53.58.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, beating the 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, equities research analysts predict that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Tuesday, October 4th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, September 30th. ServisFirst Bancshares’s dividend payout ratio is currently 11.76%.
Several institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $1,397,000. Mason Street Advisors LLC bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $210,000. Royal Bank of Canada boosted its position in ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock valued at $18,217,000 after buying an additional 313,789 shares in the last quarter. Calvert Investment Management Inc. bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $3,789,000. Finally, Schwab Charles Investment Management Inc. boosted its position in ServisFirst Bancshares by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,802 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 34.03% of the company’s stock.
SFBS has been the subject of several recent analyst reports. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Raymond James Financial Inc. upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, August 25th.
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.
Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.