ServisFirst Bancshares (SFBS) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ServisFirst Bancshares (NASDAQ:SFBS) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

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 raised shares of ServisFirst Bancshares from a sell rating to a hold rating in a report on Wednesday, November 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $42.00.



Shares of ServisFirst Bancshares stock opened at $34.24 on Tuesday. The firm has a market capitalization of $1.84 billion, a PE ratio of 13.53 and a beta of 1.34. ServisFirst Bancshares has a 12 month low of $29.90 and a 12 month high of $44.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The business had revenue of $74.48 million during the quarter, compared to analyst estimates of $78.33 million. ServisFirst Bancshares had a net margin of 39.33% and a return on equity of 20.43%. As a group, equities research analysts expect that ServisFirst Bancshares will post 2.69 EPS for the current fiscal year.

In related news, CEO Buford Harrison Morris III sold 10,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $36.00, for a total value of $360,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.56% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its holdings in shares of ServisFirst Bancshares by 4.3% during the 3rd quarter. First Trust Advisors LP now owns 118,202 shares of the financial services provider’s stock worth $4,628,000 after purchasing an additional 4,858 shares in the last quarter. Victory Capital Management Inc. boosted its stake in ServisFirst Bancshares by 57.8% in the 3rd quarter. Victory Capital Management Inc. now owns 14,020 shares of the financial services provider’s stock valued at $549,000 after buying an additional 5,134 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in ServisFirst Bancshares in the 3rd quarter valued at $310,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in ServisFirst Bancshares by 14.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,915 shares of the financial services provider’s stock valued at $427,000 after buying an additional 1,359 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in ServisFirst Bancshares in the 3rd quarter valued at $252,000. Hedge funds and other institutional investors 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 various certificates of deposit.

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