ServisFirst Bancshares, Inc. (NASDAQ: SFBS – Get a rating) CEO Thomas A. Broughton purchased 196 shares of the company in a transaction dated Friday, October 21. The stock was purchased at an average cost of $69.97 per share, with a total value of $13,714.12. As a result of the transaction, the CEO now directly owns 54,986 shares of the company, valued at approximately $3,847,370.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website.
Performance of the ServisFirst Bancshares share
Shares of NASDAQ SFBS traded at $0.47 during midday trading on Tuesday, reaching $71.90. The company’s shares had a trading volume of 189,515 shares, compared to an average volume of 173,756. ServisFirst Bancshares, Inc. has a 1-year low of $68.55 and a 1-year high of $97.25 . The company’s fifty-day moving average price is $83.61 and its 200-day moving average price is $82.26. The company has a debt ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $3.90 billion, a P/E ratio of 16.23 and a beta of 0.99.
ServisFirst Bank shares (NASDAQ: SFBS – Get a rating) last released its quarterly results on Monday, October 17. The financial services provider reported EPS of $1.17 for the quarter, missing the consensus estimate of $1.23 per ($0.06). ServisFirst Bancshares posted a net margin of 44.67% and a return on equity of 19.75%. In the same quarter last year, the company earned $0.96 per share. On average, sell-side analysts expect ServisFirst Bancshares, Inc. to post an EPS of 4.56 for the current fiscal year.
ServisFirst Bancshares announces a dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 7. Shareholders of record on Monday, October 3 received a dividend of $0.23. This represents an annualized dividend of $0.92 and a dividend yield of 1.28%. The ex-dividend date was Friday, September 30. ServisFirst Bancshares’ dividend payout ratio (DPR) is currently 21.10%.
A Wall Street analyst gives his opinion
Separately, StockNews.com launched coverage on ServisFirst Bancshares shares in a research report on Wednesday, October 12. They issued a “hold” rating for the company.
Institutional entries and exits
Several hedge funds and other institutional investors have recently changed their holdings of SFBS. Spire Wealth Management acquired a new position in shares of ServisFirst Bancshares in Q1 worth approximately $88,000. Inspire Investing LLC acquired a new position in ServisFirst Bancshares during Q1 worth approximately $235,000. Oregon Public Employees Retirement Fund increased its stake in ServisFirst Bancshares by 2.4% in the 1st quarter. The Oregon Public Employees Retirement Fund now owns 18,494 shares of the financial services provider worth $1,762,000 after buying 439 additional shares during the period. Strs Ohio increased its stake in ServisFirst Bancshares by 48.5% in the 1st quarter. Strs Ohio now owns 4,900 shares of the financial services provider valued at $466,000 after purchasing an additional 1,600 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new position in ServisFirst Bancshares during the 1st quarter worth approximately $330,000. 64.14% of the shares are held by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, deposit-backed loans, and secured and unsecured personal loans.
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