The Chairman, President, & CEO of ServisFirst Bancshares is Exercising Options

By Carrie Williams

Today it was reported that the Chairman, President, & CEO of ServisFirst Bancshares (SFBSResearch Report), Thomas Broughton, exercised options to buy 13,000 SFBS shares at $18.57 a share, for a total transaction value of $241.4K.

Following this transaction Thomas Broughton’s holding in the company was increased by 1.21% to a total of $34.56 million. Following Thomas Broughton’s last SFBS Buy transaction on August 29, 2019, the stock climbed by 1.4%.

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Based on ServisFirst Bancshares’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $104 million and quarterly net profit of $35.63 million. In comparison, last year the company earned revenue of $89.65 million and had a net profit of $34.56 million. The company has a one-year high of $39.72 and a one-year low of $29.17. SFBS’s market cap is $1.75B and the company has a P/E ratio of 12.21.

In the last 30 days, insiders have sold $509.1K worth of SFBS shares and purchased $241.4K worth of SFBS shares. The insider sentiment on ServisFirst Bancshares has been neutral according to 33 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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.