Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) have been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have covered the stock in the last year is $44.00.

Several analysts have issued reports on the company. Zacks Investment Research cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. ValuEngine upgraded ServisFirst Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. BidaskClub cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. Finally, Stephens restated a “hold” rating and set a $43.00 price objective on shares of ServisFirst Bancshares in a research note on Monday, July 23rd.

Shares of NASDAQ SFBS opened at $43.47 on Tuesday. ServisFirst Bancshares has a 52-week low of $32.54 and a 52-week high of $44.95. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. ServisFirst Bancshares had a return on equity of 18.67% and a net margin of 36.06%. The firm had revenue of $69.98 million for the quarter, compared to analysts’ expectations of $70.70 million. equities research analysts predict that ServisFirst Bancshares will post 2.49 EPS for the current fiscal year.

In other news, CFO William M. Foshee sold 12,034 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $42.35, for a total transaction of $509,639.90. Following the sale, the chief financial officer now directly owns 277,468 shares in the company, valued at approximately $11,750,769.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J. Richard Cashio sold 43,079 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $43.64, for a total value of $1,879,967.56. Following the sale, the director now owns 522,194 shares in the company, valued at $22,788,546.16. The disclosure for this sale can be found here. 13.62% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of ServisFirst Bancshares during the 1st quarter worth approximately $123,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ServisFirst Bancshares by 1,405.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,674 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 3,430 shares during the period. Group One Trading L.P. acquired a new stake in shares of ServisFirst Bancshares during the 1st quarter worth approximately $151,000. Millennium Management LLC acquired a new stake in shares of ServisFirst Bancshares during the 1st quarter worth approximately $211,000. Finally, Jane Street Group LLC acquired a new stake in shares of ServisFirst Bancshares during the 1st quarter worth approximately $212,000. Institutional investors and hedge funds own 44.79% of the company’s stock.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and various certificates of deposit.

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