ServisFirst Bancshares (SFBS) Cut to “Buy” at BidaskClub

BidaskClub downgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a strong-buy rating to a buy rating in a research report released on Monday.

A number of other analysts also recently issued reports on the stock. ValuEngine downgraded shares of ServisFirst Bancshares from a buy rating to a hold rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a hold rating to a buy rating and set a $49.00 price objective on the stock in a report on Thursday, April 19th. Sandler O’Neill reiterated a hold rating and issued a $45.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, March 28th. Finally, Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the company a hold rating in a report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $44.00.

ServisFirst Bancshares opened at $43.08 on Monday, according to MarketBeat. 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 has a 12-month low of $42.77 and a 12-month high of $43.03. The company has a market capitalization of $2.26 billion, a PE ratio of 24.20 and a beta of 1.30.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. ServisFirst Bancshares had a net margin of 34.78% and a return on equity of 17.78%. The company had revenue of $67.31 million for the quarter, compared to the consensus estimate of $67.48 million. analysts predict that ServisFirst Bancshares will post 2.51 EPS for the current fiscal year.

In related news, EVP Bradford Alan Vieira sold 7,500 shares of the business’s stock in a transaction on Friday, April 20th. The shares were sold at an average price of $42.95, for a total transaction of $322,125.00. Following the transaction, the executive vice president now directly owns 34,000 shares in the company, valued at $1,460,300. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rex D. Mckinney sold 25,000 shares of the business’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $42.39, for a total transaction of $1,059,750.00. Following the transaction, the executive vice president now owns 12,340 shares in the company, valued at $523,092.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,800 shares of company stock worth $4,980,975. 13.62% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SFBS. Schwab Charles Investment Management Inc. increased its holdings in ServisFirst Bancshares by 3.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 216,959 shares of the financial services provider’s stock worth $9,004,000 after buying an additional 6,966 shares during the last quarter. Fisher Asset Management LLC increased its holdings in ServisFirst Bancshares by 14.6% during the fourth quarter. Fisher Asset Management LLC now owns 151,326 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 19,298 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in ServisFirst Bancshares by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 506,002 shares of the financial services provider’s stock worth $20,999,000 after buying an additional 3,166 shares during the last quarter. Arlington Partners LLC acquired a new position in ServisFirst Bancshares during the fourth quarter worth $964,000. Finally, Welch Group LLC increased its holdings in ServisFirst Bancshares by 54.4% during the fourth quarter. Welch Group LLC now owns 229,943 shares of the financial services provider’s stock worth $9,543,000 after buying an additional 81,041 shares during the last quarter. Institutional investors and hedge funds own 43.68% 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.

Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply