ServisFirst Bancshares, Inc. (SFBS) EVP Sells $1,085,840.00 in Stock

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) EVP W Bibb Lamar, Jr. sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $38.78, for a total value of $1,085,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, April 17th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. ServisFirst Bancshares had a return on equity of 15.91% and a net margin of 34.23%. The company had revenue of $56.60 million for the quarter, compared to analyst estimates of $55.45 million.

Insider Buying and Selling by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in ServisFirst Bancshares by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,830 shares of the financial services provider’s stock worth $251,000 after buying an additional 90 shares in the last quarter. State of Alaska Department of Revenue raised its position in ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock worth $177,000 after buying an additional 110 shares in the last quarter. Louisiana State Employees Retirement System raised its position in ServisFirst Bancshares by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the financial services provider’s stock worth $658,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System raised its position in ServisFirst Bancshares by 1.3% in the first quarter. Arizona State Retirement System now owns 23,100 shares of the financial services provider’s stock worth $840,000 after buying an additional 300 shares in the last quarter. Finally, Legal & General Group Plc raised its position in ServisFirst Bancshares by 0.6% in the first quarter. Legal & General Group Plc now owns 77,829 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 454 shares in the last quarter. Institutional investors own 19.15% of the company’s stock.

Several research firms have weighed in on SFBS. Hovde Group boosted their price target on ServisFirst Bancshares from $31.50 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 31st. Stephens reaffirmed a “hold” rating on shares of ServisFirst Bancshares in a research report on Tuesday, April 18th.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.

12 Month Chart for NASDAQ:SFBS

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