The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ServisFirst Bancshares Inc shares valued at $23,822,500 were purchased by James Jay Filler on Dec 03 ’24. At $95.29 per share, James Jay Filler acquired 250,000 shares.
Also, ABBOTT HENRY FULBROOK sold 1,000 shares, netting a total of over 85,198 in proceeds. Following the sale of shares at $85.20 each, the insider now holds 8,501 shares.
Before that, RUSHING RODNEY ELDON had sold 24,000 shares from its account. In a trade valued at $1,943,040, the COO, EVP traded ServisFirst Bancshares Inc shares for $80.96 each. Upon closing the transaction, the insider’s holdings decreased to 24,000 shares, worth approximately $6.37 million.
As published in a research note from Hovde Group on October 22, 2024, ServisFirst Bancshares Inc [SFBS] has been retained to a Market perform and the price target has been revised to $91. Analysts at Hovde Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in mid July. Earlier on August 20, 2021, Seaport Global Securities initiated its rating. Their recommendation was “a Neutral” for SFBS stock.
Analyzing SFBS Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, ServisFirst Bancshares Inc shares have dropped approximately -1.11%. Shares of the company reached a 52-week high of $86.59 on 01/06/25 and a 52-week low of $82.50 on 01/07/25. A 50-day SMA is recorded $90.94, while a 200-day SMA reached $75.61. Nevertheless, trading volume fell to 0.12 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for ServisFirst Bancshares Inc (SFBS)
According to the 24-hour chart, there is a support level at 82.84, which, if violated, would cause prices to drop to 81.87. In the upper region, resistance lies at 84.53. The next price resistance is at 85.25. RSI (Relative Strength Index) is 34.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 88.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
