ServisFirst Bancshares, Inc. (NYSE:SFBS) COO Rodney Eldon Rushing Sells 12,000 Shares of Stock

ServisFirst Bancshares, Inc. (NYSE:SFBS) COO Rodney Eldon Rushing sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, the chief operating officer now owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ServisFirst Bancshares Trading Down 2.0 %

Shares of ServisFirst Bancshares stock opened at $84.50 on Friday. The business has a 50 day moving average price of $78.06 and a 200 day moving average price of $67.79. The company has a market capitalization of $4.61 billion, a P/E ratio of 23.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ServisFirst Bancshares, Inc. has a 1 year low of $45.21 and a 1 year high of $86.46.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $114.77 million during the quarter, compared to analysts’ expectations of $114.80 million. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. Sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 3.82 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.42%. ServisFirst Bancshares’s payout ratio is currently 32.88%.

Analyst Upgrades and Downgrades

SFBS has been the subject of a number of research reports. Piper Sandler boosted their price objective on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Hovde Group increased their price target on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SFBS. Vanguard Group Inc. increased its stake in shares of ServisFirst Bancshares by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock valued at $378,228,000 after acquiring an additional 221,507 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of ServisFirst Bancshares by 34.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,438,872 shares of the financial services provider’s stock worth $95,484,000 after buying an additional 364,720 shares during the period. Dimensional Fund Advisors LP increased its stake in ServisFirst Bancshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after acquiring an additional 36,302 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of ServisFirst Bancshares by 4.9% in the 2nd quarter. Principal Financial Group Inc. now owns 929,469 shares of the financial services provider’s stock worth $58,733,000 after purchasing an additional 43,125 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of ServisFirst Bancshares by 5.1% in the 4th quarter. Wasatch Advisors LP now owns 837,189 shares of the financial services provider’s stock valued at $55,782,000 after purchasing an additional 40,866 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

About ServisFirst Bancshares

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.