ServisFirst Bancshares Inc. (NASDAQ:SFBS) issued its earnings results on Monday. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down 2.19% during midday trading on Monday, reaching $51.80. The company had a trading volume of 52,660 shares. The company has a market capitalization of $1.36 billion, a P/E ratio of 18.44 and a beta of 1.20. ServisFirst Bancshares has a one year low of $34.12 and a one year high of $53.58. The company has a 50-day moving average price of $51.98 and a 200 day moving average price of $50.13.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Tuesday, October 4th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.60%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 11.76%.
SFBS has been the topic of a number of research reports. Raymond James Financial Inc. raised ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Thursday, August 25th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.
In other news, EVP Andrew N. Kattos sold 4,259 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total value of $223,427.14. Following the sale, the executive vice president now directly owns 127,597 shares in the company, valued at approximately $6,693,738.62. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rex D. Mckinney sold 48,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $50.32, for a total value of $2,415,360.00. Following the completion of the sale, the executive vice president now owns 28,000 shares in the company, valued at $1,408,960. The disclosure for this sale can be found here. Corporate insiders own 14.28% of the company’s stock.
Large investors have recently modified their holdings of the company. US Bancorp DE acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $132,000. KCG Holdings Inc. acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $240,000. Capstone Investment Advisors LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $273,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $395,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of ServisFirst Bancshares by 335.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,175 shares of the financial services provider’s stock worth $453,000 after buying an additional 7,067 shares in the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.
About ServisFirst Bancshares
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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