ServisFirst Bancshares (NASDAQ:SFBS) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

Separately, BidaskClub lowered ServisFirst Bancshares from a hold rating to a sell rating in a research report on Saturday, August 10th.

Shares of SFBS traded up $0.12 during trading hours on Tuesday, hitting $34.09. The company had a trading volume of 127,293 shares, compared to its average volume of 95,387. The company has a market capitalization of $1.81 billion, a PE ratio of 12.89 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. ServisFirst Bancshares has a one year low of $29.17 and a one year high of $41.82. The company’s fifty day moving average price is $31.27 and its two-hundred day moving average price is $33.01.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The company had revenue of $75.86 million during the quarter, compared to the consensus estimate of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. Analysts forecast that ServisFirst Bancshares will post 2.62 earnings per share for the current year.

In other ServisFirst Bancshares news, Director James J. Filler bought 2,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $29.44 per share, with a total value of $58,880.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bradford Alan Vieira sold 16,484 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $33.20, for a total value of $547,268.80. The disclosure for this sale can be found here. Over the last three months, insiders bought 4,334 shares of company stock valued at $129,001. Corporate insiders own 13.56% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its position in ServisFirst Bancshares by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,750 shares of the financial services provider’s stock valued at $599,000 after buying an additional 321 shares in the last quarter. Arizona State Retirement System increased its position in ServisFirst Bancshares by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 71,386 shares of the financial services provider’s stock valued at $2,446,000 after buying an additional 442 shares in the last quarter. Alps Advisors Inc. increased its position in ServisFirst Bancshares by 4.2% during the 1st quarter. Alps Advisors Inc. now owns 11,799 shares of the financial services provider’s stock valued at $398,000 after buying an additional 478 shares in the last quarter. Mason Street Advisors LLC increased its position in ServisFirst Bancshares by 3.8% during the 1st quarter. Mason Street Advisors LLC now owns 14,770 shares of the financial services provider’s stock valued at $499,000 after buying an additional 537 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its position in ServisFirst Bancshares by 5.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,554 shares of the financial services provider’s stock valued at $390,000 after buying an additional 636 shares in the last quarter. 47.26% of the stock is currently owned by institutional investors.

About ServisFirst Bancshares

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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