ServisFirst Bancshares (SFBS) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Oct 18, 2016.
ServisFirst Bancshares opened for trading at $52.74 and hit $53.1475 on the upside on Friday, eventually ending the session at $52.96, with a gain of 1.36% or 0.71 points. The heightened volatility saw the trading volume jump to 73,108 shares. Company has a market cap of $1,390 M.
In a different news, on Oct 5, 2016, Andrew N Kattos (EVP, Regional CEO) sold 4,259 shares at $52.38 per share price. According to the SEC, on Sep 6, 2016, Michael D. Fuller (director) purchased 324 shares at $51.81 per share price. On Aug 12, 2016, Rex D Mckinney (EVP, Regional CEO) sold 48,000 shares at $50.31 per share price, according to the Form-4 filing with the securities and exchange commission.
ServisFirst Bancshares Inc. is a bank holding company. The Company through its wholly owned subsidiary ServisFirst Bank (the Bank) operates 13 banking offices located in Jefferson Shelby Madison Montgomery Houston and Mobile Counties of Alabama and in Escambia County Florida in the metropolitan statistical areas (MSAs) of Birmingham-Hoover Huntsville Montgomery Dothan and Mobile Alabama and Pensacola-Ferry Pass-Brent Florida. Additionally it operates a loan production office in Davidson County of Tennessee in the Nashville MSA. Through its bank the Company originates commercial consumer and other loans and accepts 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.