Today it was reported that the President & CEO of ServisFirst Bancshares (NASDAQ: SFBS), Thomas Broughton, exercised options to buy 20,000 SFBS shares at $5.00 a share, for a total transaction value of $100K.
In addition to Thomas Broughton, 4 other SFBS executives reported Buy trades in the last month. This recent transaction increases Thomas Broughton’s holding in the company by 1.94% to a total of $38.27 million.
Based on ServisFirst Bancshares’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $83.86 million and quarterly net profit of $33.54 million. In comparison, last year the company earned revenue of $72.43 million and had a net profit of $25.26 million. SFBS’s market cap is $1.94B and the company has a P/E ratio of 17.54. Currently, ServisFirst Bancshares has an average volume of 51.95K.
In the last 30 days, insiders have sold $206K worth of SFBS shares and purchased $200K worth of SFBS shares. The insider sentiment on ServisFirst Bancshares has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Thomas Broughton’s trades have generated a 43.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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ServisFirst Bancshares, Inc. is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.