ServisFirst Bancshares (SFBS) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday, March 27th, BidAskClub reports.

Separately, Zacks Investment Research cut shares of ServisFirst Bancshares from a hold rating to a sell rating in a report on Friday, February 15th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.50.

Shares of ServisFirst Bancshares stock traded down $1.00 during trading on Wednesday, hitting $33.58. The stock had a trading volume of 147,540 shares, compared to its average volume of 174,775. The company has a market cap of $1.80 billion, a P/E ratio of 13.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. ServisFirst Bancshares has a 1 year low of $29.90 and a 1 year high of $44.95.

ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Monday, April 15th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $73.72 million during the quarter, compared to analysts’ expectations of $76.30 million. ServisFirst Bancshares had a return on equity of 19.92% and a net margin of 37.87%. On average, analysts expect that ServisFirst Bancshares will post 2.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, March 29th. ServisFirst Bancshares’s dividend payout ratio is currently 23.72%.

In related news, CEO Buford Harrison Morris III sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.56% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in ServisFirst Bancshares by 2.8% in the fourth quarter. Legal & General Group Plc now owns 109,220 shares of the financial services provider’s stock valued at $3,485,000 after acquiring an additional 2,951 shares during the last quarter. First Hawaiian Bank lifted its stake in ServisFirst Bancshares by 38.6% in the first quarter. First Hawaiian Bank now owns 3,512 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 979 shares during the last quarter. Teachers Advisors LLC lifted its stake in ServisFirst Bancshares by 4.1% in the third quarter. Teachers Advisors LLC now owns 96,073 shares of the financial services provider’s stock valued at $3,761,000 after acquiring an additional 3,764 shares during the last quarter. Welch Group LLC lifted its stake in ServisFirst Bancshares by 8.4% in the fourth quarter. Welch Group LLC now owns 234,037 shares of the financial services provider’s stock valued at $7,459,000 after acquiring an additional 18,180 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in ServisFirst Bancshares by 2.7% in the third quarter. Vanguard Group Inc now owns 4,564,777 shares of the financial services provider’s stock valued at $178,711,000 after acquiring an additional 121,139 shares during the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

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.

Read More: Technical Indicators – What is a Golden Cross?

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.