In yesterday’s Wall Street session, ServisFirst Bancshares Inc. (NYSE:SFBS) shares traded at $64.82, down -9.87% from the previous session.
As of this writing, 3 analysts cover ServisFirst Bancshares Inc. (NYSE:SFBS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $92.00 and a low of $67.00, we find $74.00. Given the previous closing price of $71.92, this indicates a potential upside of 2.89 percent. SFBS stock price is now -9.71% away from the 50-day moving average and -18.22% away from the 200-day moving average. The market capitalization of the company currently stands at $3.47B.
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There are 3 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $77.67 as their price target over the next twelve months.
, while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, BROUGHTON THOMAS A, Chairman, President, and CEO bought 196 shares of the company’s stock on Oct 21. The stock was bought for $13,714 at an average price of $69.97. Upon completion of the transaction, the Chairman, President, and CEO now directly owns 54,986 shares in the company, valued at $3.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, CFO, EVP FOSHEE WILLIAM M sold 3,000 shares of the business’s stock. A total of $278,670 was realized by selling the stock at an average price of $92.89. This leaves the insider owning 265,747 shares of the company worth $17.23 million. Insiders disposed of 12,279 shares of company stock worth roughly $0.8 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SFBS stock. A new stake in ServisFirst Bancshares Inc. shares was purchased by GOTHAM ASSET MANAGEMENT, LLC during the first quarter worth $4,019,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $3,509,000 in shares of SFBS during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in ServisFirst Bancshares Inc. valued at approximately $2,691,000. BUCKINGHAM STRATEGIC PARTNERS acquired a new stake in SFBS for approximately $2,208,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in SFBS valued at around $1,537,000 in the second quarter. In total, there are 326 active investors with 65.30% ownership of the company’s stock.
Tuesday morning saw ServisFirst Bancshares Inc. (NYSE: SFBS) opened at $69.97. During the past 12 months, ServisFirst Bancshares Inc. has had a low of $63.53 and a high of $97.25. The fifty day moving average price for SFBS is $71.79 and a two-hundred day moving average price translates $79.26 for the stock.
The latest earnings results from ServisFirst Bancshares Inc. (NYSE: SFBS) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $1.17, missing analysts’ expectations of $1.23 by -0.06. This compares to $0.96 EPS in the same period last year. The net profit margin was 47.70% and return on equity was 19.90% for SFBS. The company reported revenue of $149.3 million for the quarter, compared to $104.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.23 percent. For the current quarter, analysts expect SFBS to generate $137.35M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2023. Investors who held shares on 01/03/2023 were paid a $0.28 dividend. On an annualized basis, this represents a $1.12 dividend and a 1.73% percent yield. There was an ex-dividend date of 12/30/2022 for this dividend. In terms of dividend payout ratio, SFBS is presently at 21.00%.
ServisFirst Bancshares Inc.(SFBS) Company Profile
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. It also offers other banking products and services comprising telephone and mobile banking, direct deposit, Internet banking, traveler’s checks, safe deposit boxes, attorney trust accounts, automatic account transfers, automated teller machines, and debit card systems, as well as Visa credit cards; treasury and cash management services; wire transfer, night depository, banking-by-mail, and remote capture services; and correspondent banking services to other financial institutions. In addition, the company holds and manages participations in residential mortgages and commercial real estate loans originated by ServisFirst Bank in Alabama, Florida, Georgia, and Tennessee. It operates 23 full-service banking offices located in Alabama, Florida, Georgia, South Carolina, and Tennessee, as well as 2 loan production offices in Florida. The company was founded in 2005 and is headquartered in Birmingham, Alabama.
