ServisFirst Bancshares, Inc. (NASDAQ:SFBS)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $29.77 and last traded at $29.90, with a volume of 2731 shares trading hands. The stock had previously closed at $30.95.
Several equities analysts have recently commented on SFBS shares. Zacks Investment Research raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Friday, August 9th. BidaskClub downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday.
The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average of $32.93. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 11.90 and a beta of 1.30.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The business had revenue of $75.86 million for the quarter, compared to analyst estimates of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 2.63 earnings per share for the current year.
In other news, EVP Bradford Alan Vieira sold 16,484 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $33.20, for a total transaction of $547,268.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.56% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SFBS. Bank of America Corp DE increased its stake in shares of ServisFirst Bancshares by 117.2% during the fourth quarter. Bank of America Corp DE now owns 112,731 shares of the financial services provider’s stock valued at $3,594,000 after buying an additional 60,834 shares during the period. Squarepoint Ops LLC boosted its position in ServisFirst Bancshares by 26.0% during the fourth quarter. Squarepoint Ops LLC now owns 8,296 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,713 shares in the last quarter. Amalgamated Bank bought a new stake in ServisFirst Bancshares during the fourth quarter valued at about $232,000. Dimensional Fund Advisors LP boosted its position in ServisFirst Bancshares by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,330,024 shares of the financial services provider’s stock valued at $42,388,000 after purchasing an additional 19,732 shares in the last quarter. Finally, Norges Bank bought a new stake in ServisFirst Bancshares during the fourth quarter valued at about $2,707,000. Institutional investors and hedge funds own 46.83% of the company’s stock.
ServisFirst Bancshares Company Profile (NASDAQ:SFBS)
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 certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or 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, loans secured by deposits, and secured and unsecured personal loans.
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