Here is the rundown on market activity for ServisFirst Bancshares, Inc. (NASDAQ:SFBS). Andrew N. Kattos, EVP sold $615,111 worth of shares at an average price of $52.39 on Fri the 23rd. The EVP now owns $6,719,489 of the stock per an SEC filing yesterday. Today Michael D. Fuller, Director disclosed the purchase of 324 shares of SFBS stock. The shares were bought on September 6th for an average price of $51.81. Fuller now owns $9,551,122 of the stock according to the SEC filing.
Yesterday EVP Rex D. Mckinney disclosed the sale of 48,000 shares of (SFBS). The shares sold for $50.32. The EVP now owns $201,280 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Royal Bank Of Canada had bought 21,258 shares growing its position 635.7%. The value in dollars increased from $148,000 to $1,215,000 increasing 720.9% for the reporting period. Schwab Charles Investment Management Inc expanded its position by buying 2,639 shares an increase of 3.7% in the quarter. Schwab Charles Investment Management Inc currently owns 74,802 shares valued at $3,695,000. The total value of its holdings increased 7.7%.
Stifel Financial Corp augmented its investment by buying 50 shares an increase of 0.1% from 03/31/2016 to 06/30/2016. Stifel Financial Corp controls 37,537 shares with a value of $1,854,000. The value of the position overall is up by 11.4%. As of the end of the quarter Metropolitan Life Insurance Co/ny had acquired a total of 1,919 shares growing its stake by 12.2%. The value of the investment in (SFBS) went from $699,000 to $872,000 a change of 24.7% since the last quarter.
On October 5 the stock rating was downgraded from “Strong Buy” to “Outperform” in a report from Raymond James. August 25 investment analysts at Raymond James held the price objective at $43.00 but upgraded the company to Strong Buy from Outperform.
On August 25 the company was upgraded to “Strong Buy” from “Outperform” and a price target of $43.00 was set in a report issued by Raymond James. On June 23, 2014 Sandler O’Neill began coverage of the stock setting a rating of “Buy” and setting a price target of $105.00.
Equity analyst Raymond James started covering the stock giving it an initial rating of “Outperform” and establishing a price target of $98.00.
The company is trading up from yesterday’s close of $50.5. The company also announced a dividend that was paid on Friday the 15th of July 2016. The dividend was $0.080 per share for the quarter which is $0.32 annualized. This dividend represents a yield of $0.61. The ex-dividend date was set for Wednesday the 6th of July 2016.
Shares of the company are trading at $51.43 which is just under $51.58, the stock’s 50 day moving average and marginally over the 200 day moving average of $49.05. The 50 day moving average went down $-0.17 or -0.33% whereas the 200 day average was up by +4.80%.
The company’s P/E ratio is 18.30 and the market value is 1.35B. As of the last earnings report the EPS was $2.81 and is projected to be $2.79 for the current year with 26,251,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.73 and the next full year EPS is projected to be $3.12.
Investors are feeling more bearish on ServisFirst Bancshares, Inc. lately if you watch the increase in short interest. The stock had a rise in short interest of 0.03% as of the latest report on September 15, 2016. Short shares increased 24,926 over that period. Days to cover increased from 19.8 to 21.8 and the percentage of shorted shares was 0.04% on September 15.