ServisFirst Bancshares (NASDAQ:SFBS) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a sell rating to a hold rating in a research report sent to investors on Saturday, BidAskClub reports.

Separately, Zacks Investment Research lowered Green Plains Partners from a buy rating to a hold rating in a report on Friday, July 26th.

SFBS opened at $34.13 on Friday. ServisFirst Bancshares has a 52-week low of $29.90 and a 52-week high of $44.06. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.49 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average is $33.35.

ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. The company had revenue of $75.86 million for the quarter, compared to the consensus estimate of $77.30 million. On average, equities research analysts anticipate that ServisFirst Bancshares will post 2.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 annualized dividend and a yield of 1.76%. ServisFirst Bancshares’s payout ratio is presently 23.72%.

In other ServisFirst Bancshares news, EVP Bradford Alan Vieira sold 16,484 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $33.20, for a total transaction of $547,268.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.56% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SFBS. Davis Capital Partners LLC increased its position in ServisFirst Bancshares by 25.4% during the first quarter. Davis Capital Partners LLC now owns 1,128,818 shares of the financial services provider’s stock worth $38,108,000 after buying an additional 228,818 shares during the last quarter. Arlington Partners LLC increased its position in ServisFirst Bancshares by 1,153.7% during the second quarter. Arlington Partners LLC now owns 92,435 shares of the financial services provider’s stock worth $3,167,000 after buying an additional 85,062 shares during the last quarter. Norges Bank acquired a new position in ServisFirst Bancshares during the fourth quarter worth approximately $2,707,000. Creative Planning acquired a new position in ServisFirst Bancshares during the first quarter worth approximately $2,836,000. Finally, Bank of America Corp DE increased its position in ServisFirst Bancshares by 117.2% during the fourth quarter. Bank of America Corp DE now owns 112,731 shares of the financial services provider’s stock worth $3,594,000 after buying an additional 60,834 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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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