ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Director Michael D. Fuller acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were purchased at an average price of $39.35 per share, with a total value of $98,375.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded down 1.15% on Monday, hitting $38.81. 287,263 shares of the stock traded hands. The stock has a 50-day moving average price of $40.83 and a 200 day moving average price of $33.78. ServisFirst Bancshares, Inc. has a 1-year low of $19.23 and a 1-year high of $42.66. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 25.53 and a beta of 1.45.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.91%. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post $1.66 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the stock. Hovde Group boosted their price objective on shares of ServisFirst Bancshares from $31.50 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, January 31st. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Tuesday, December 20th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of 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 worth $18,217,000 after buying an additional 313,789 shares during the period. Great West Life Assurance Co. Can raised its position in shares of ServisFirst Bancshares by 5.4% in the third quarter. Great West Life Assurance Co. Can now owns 29,970 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 1,535 shares during the period. Texas Permanent School Fund raised its position in shares of ServisFirst Bancshares by 1.0% in the third quarter. Texas Permanent School Fund now owns 16,799 shares of the financial services provider’s stock worth $872,000 after buying an additional 164 shares during the period. Capital Fund Management S.A. acquired a new position in shares of ServisFirst Bancshares during the third quarter worth about $732,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of ServisFirst Bancshares during the third quarter worth about $16,567,000. Institutional investors and hedge funds own 19.15% 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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