ServisFirst Bancshares, Inc. (SFBS) Downgraded to Sell at Zacks Investment Research

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, October 21st.

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. “

SFBS has been the subject of a number of other research reports. Stephens reiterated a “hold” rating and set a $38.00 target price on shares of ServisFirst Bancshares in a research report on Wednesday, July 19th. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th.

ServisFirst Bancshares (SFBS) traded down $0.40 during mid-day trading on Friday, reaching $39.03. 111,532 shares of the company’s stock were exchanged, compared to its average volume of 161,100. ServisFirst Bancshares has a one year low of $28.95 and a one year high of $42.66. The company has a market capitalization of $2,100.10, a PE ratio of 22.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.98 and a quick ratio of 0.98.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $63.19 million for the quarter, compared to analyst estimates of $64.08 million. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. equities analysts forecast that ServisFirst Bancshares will post 1.8 earnings per share for the current fiscal year.

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In other news, Director James J. Filler purchased 3,546 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average price of $32.79 per share, for a total transaction of $116,273.34. Following the purchase, the director now directly owns 1,313,152 shares in the company, valued at approximately $43,058,254.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rex D. Mckinney sold 75,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $33.55, for a total value of $2,516,250.00. Following the completion of the transaction, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at approximately $3,534,157. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,750 shares of company stock worth $4,720,215. 14.04% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SFBS. BlackRock Inc. boosted its position in shares of ServisFirst Bancshares by 146,046.5% during the 1st quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after acquiring an additional 5,447,535 shares during the last quarter. Vanguard Group Inc. grew its stake in ServisFirst Bancshares by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock valued at $149,467,000 after purchasing an additional 75,782 shares during the last quarter. State Street Corp boosted its holdings in ServisFirst Bancshares by 3.0% in the second quarter. State Street Corp now owns 1,473,750 shares of the financial services provider’s stock worth $54,367,000 after acquiring an additional 42,757 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ServisFirst Bancshares by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,707 shares of the financial services provider’s stock worth $38,908,000 after acquiring an additional 113,855 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in ServisFirst Bancshares by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 742,998 shares of the financial services provider’s stock worth $27,409,000 after acquiring an additional 16,994 shares in the last quarter. 42.62% of the stock is owned by institutional investors.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.

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