ServisFirst Bancshares Inc. [SFBS] Insider Activity: An Update for Investors


ServisFirst Bancshares Inc.’s recent filing unveils that its Director Holloway Elizabeth Bugg acquired Company’s shares for reported $52035.0 on May 31. In the deal valued at $40.78 per share,1,276 shares were bought. As a result of this transaction, Holloway Elizabeth Bugg now holds 4,168 shares worth roughly $ 0.24 million.

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Then, BROUGHTON THOMAS A bought 2,775 shares, generating $123,765 in total proceeds. Upon buying the shares at $44.60, the Chairman, President, & CEO now owns 2,775 shares.

Before that, TUDER IRMA LOYA bought 1,000 shares. ServisFirst Bancshares Inc. shares valued at $50,650 were divested by the Director at a price of $50.65 per share. As a result of the transaction, TUDER IRMA LOYA now holds 43,215 shares, worth roughly $2.48 million.

Price Performance Review of SFBS

On Friday, ServisFirst Bancshares Inc. [NYSE:SFBS] saw its stock jump 2.25% to $57.30. On the same session, the stock had its day’s lowest price of $56.77, but rose to a high of $57.94. Over the last five days, the stock has gained 4.95%. ServisFirst Bancshares Inc. shares have fallen nearly -16.85% since the year began. Nevertheless, the stocks have fallen -32.08% over the past one year. While a 52-week high of $89.07 was reached on 02/27/23, a 52-week low of $39.27 was recorded on 07/06/23. SMA at 50 days reached $52.10, while 200 days put it at $58.41. A total of 0.17 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For SFBS Stock

The 24-hour chart illustrates a support level at 56.73, which if violated will result in even more drops to 56.17. On the upside, there is a resistance level at 57.90. A further resistance level may holdings at 58.51. The Relative Strength Index (RSI) on the 14-day chart is 57.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.67%. Stochastics %K at 39.96% indicates the stock is a holding.

How much short interest is there in ServisFirst Bancshares Inc.?

A steep rise in short interest was recorded in ServisFirst Bancshares Inc. stocks on Aug 14, 2023, dropping by -0.48 million shares to a total of 4.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.55 million shares. There was a decline of -11.79%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.94.

ServisFirst Bancshares Inc. [SFBS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,208,784 shares, or roughly 13.28% of the outstanding SFBS shares. In other words, the investor’s shares have risen by 149,888 from its previous 13-F filing of 7058896.0. Additionally, The Vanguard Group, Inc. increased 0.89% of its stake after which the total value it holdings stand at $318,032,213, while Kayne Anderson Rudnick Investment added 0.11% of its stake to hold $219.68 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 233,917 shares of ServisFirst Bancshares Inc., while JPMorgan Investment Management, I bought 37,421 shares. At present, The Welch Group LLC is holding 1,299,599 shares valued at $77.56 million. Dimensional Fund Advisors LP owned 1,081,491 shares of the company at the time of its most recent 13F filing, worth $64.54 million.

According to FactSet, ServisFirst Bancshares Inc.’s share price will average $52.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -5.42 percent from its previous closing price of $56.04. Analysts expect ServisFirst Bancshares Inc. stock to reach the higher price of $54.00, while the lowest price estimate is $49.00. However, 4 analysts have rated SFBS stock as a Hold in their predictions for 2023.


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