ServisFirst Bancshares (NASDAQ:SFBS) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a sell rating in a report issued on Tuesday, BidAskClub reports.

SFBS has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a buy rating to a hold rating in a research report on Wednesday, January 8th. DA Davidson started coverage on shares of ServisFirst Bancshares in a research report on Wednesday, October 9th. They set a neutral rating and a $35.00 target price on the stock. Finally, ValuEngine raised shares of ServisFirst Bancshares from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

SFBS stock traded down $0.12 during trading on Tuesday, hitting $36.79. The company had a trading volume of 5,342 shares, compared to its average volume of 108,371. The firm has a market capitalization of $1.95 billion, a P/E ratio of 14.55 and a beta of 1.32. ServisFirst Bancshares has a 52-week low of $29.17 and a 52-week high of $38.56. The company has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $34.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, October 21st. The financial services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $79.22 million for the quarter, compared to the consensus estimate of $78.90 million. ServisFirst Bancshares had a net margin of 35.64% and a return on equity of 18.78%. Sell-side analysts forecast that ServisFirst Bancshares will post 2.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.175 per share. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 31st. This represents a $0.70 dividend on an annualized basis and a yield of 1.90%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 27.67%.

In other ServisFirst Bancshares news, CFO William M. Foshee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $34.63, for a total transaction of $69,260.00. Following the transaction, the chief financial officer now owns 327,330 shares of the company’s stock, valued at approximately $11,335,437.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO W Bibb Lamar, Jr. sold 11,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $34.65, for a total transaction of $381,150.00. Following the transaction, the chief executive officer now directly owns 58,648 shares in the company, valued at approximately $2,032,153.20. The disclosure for this sale can be found here. Company insiders own 13.56% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of ServisFirst Bancshares by 100.0% in the 3rd quarter. Signaturefd LLC now owns 1,600 shares of the financial services provider’s stock valued at $53,000 after buying an additional 800 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at about $200,000. Cubist Systematic Strategies LLC bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at about $203,000. A.R.T. Advisors LLC bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at about $208,000. Finally, Bank of Montreal Can boosted its holdings in shares of ServisFirst Bancshares by 184.0% in the 2nd quarter. Bank of Montreal Can now owns 6,157 shares of the financial services provider’s stock valued at $212,000 after buying an additional 3,989 shares in the last quarter. Institutional investors and hedge funds own 47.98% 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 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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