Henry Fulbrook Abbott Sells 1,000 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) Stock

ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) SVP Henry Fulbrook Abbott sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now owns 8,501 shares of the company's stock, valued at approximately $724,285.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ServisFirst Bancshares Stock Up 3.8 %

Shares of ServisFirst Bancshares stock traded up $3.11 during trading hours on Monday, hitting $85.80. 180,882 shares of the company's stock traded hands, compared to its average volume of 198,829. ServisFirst Bancshares, Inc. has a twelve month low of $46.02 and a twelve month high of $88.86. The company has a market cap of $4.68 billion, a PE ratio of 22.84 and a beta of 0.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $80.50 and a 200-day simple moving average of $70.95.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The firm had revenue of $256.53 million for the quarter, compared to analysts' expectations of $120.70 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.09%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SFBS shares. Piper Sandler boosted their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Hovde Group upped their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd.

Institutional Trading of ServisFirst Bancshares

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in ServisFirst Bancshares by 2.4% during the third quarter. US Bancorp DE now owns 17,071 shares of the financial services provider's stock worth $1,373,000 after purchasing an additional 399 shares in the last quarter. Raymond James & Associates raised its stake in shares of ServisFirst Bancshares by 7.4% in the 3rd quarter. Raymond James & Associates now owns 216,992 shares of the financial services provider's stock worth $17,457,000 after buying an additional 14,859 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at $241,000. Creative Planning lifted its holdings in shares of ServisFirst Bancshares by 6.5% in the third quarter. Creative Planning now owns 3,383 shares of the financial services provider's stock valued at $272,000 after buying an additional 205 shares during the period. Finally, Mechanics Bank Trust Department bought a new position in ServisFirst Bancshares during the third quarter valued at about $225,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares 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, including 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.