Insider Selling: ServisFirst Bancshares, Inc. (NASDAQ:SFBS) CFO Sells 3,000 Shares of Stock

ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) CFO William M. Foshee sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $92.89, for a total transaction of $278,670.00. Following the transaction, the chief financial officer now directly owns 265,747 shares in the company, valued at $24,685,238.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ServisFirst Bancshares Stock Performance

Shares of SFBS traded down $0.61 during trading hours on Wednesday, hitting $92.75. The company’s stock had a trading volume of 73,640 shares, compared to its average volume of 178,672. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 22.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $81.47 and a two-hundred day simple moving average of $83.99. ServisFirst Bancshares, Inc. has a 52-week low of $69.52 and a 52-week high of $97.25.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last posted its earnings results on Monday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. ServisFirst Bancshares had a net margin of 46.52% and a return on equity of 19.30%. During the same period in the prior year, the business earned $0.92 earnings per share. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 4.63 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, July 1st were paid a $0.23 dividend. The ex-dividend date was Thursday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 0.99%. ServisFirst Bancshares’s payout ratio is 22.17%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price objective on shares of ServisFirst Bancshares from $97.00 to $94.00 in a research report on Tuesday, April 19th.

Hedge Funds Weigh In On ServisFirst Bancshares

Several large investors have recently modified their holdings of SFBS. ClariVest Asset Management LLC purchased a new position in ServisFirst Bancshares during the first quarter valued at approximately $3,878,000. TownSquare Capital LLC purchased a new position in ServisFirst Bancshares during the first quarter valued at approximately $6,658,000. Advisors Capital Management LLC purchased a new position in ServisFirst Bancshares during the first quarter valued at approximately $476,000. Charles Schwab Investment Management Inc. grew its stake in ServisFirst Bancshares by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,773 shares of the financial services provider’s stock valued at $33,107,000 after acquiring an additional 17,879 shares in the last quarter. Finally, M&T Bank Corp grew its stake in ServisFirst Bancshares by 87.4% during the first quarter. M&T Bank Corp now owns 27,080 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 12,632 shares in the last quarter. Hedge funds and other institutional investors own 62.48% of the company’s stock.

ServisFirst Bancshares Company Profile

(Get Rating)

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. 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 lending products, such as seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and 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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