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Insider Bets Paying Off At SFBS As New 52-Week High Reached
2021-07-13 00:13
Insider Bets Paying Off At SFBS As New 52-Week High Reached
By Market News Video Staff, Friday, December 6, 1:08 PM ET
In trading on Friday, shares of ServisFirst Bancshares Inc (NASDAQ:SFBS) touched a new 52-week high of $37.39/share. That's a 28.18% rise, or $8.22 per share from the 52-week low of $29.17 set back on 08/28/2019. That means at today's intraday high, any investor who purchased SFBS stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, SFBS has seen 3 different instances of insiders buying over the trailing six month period.
Start slideshow:
Ten Bargains You Can Buy Cheaper Than The Insiders Did»
The chart below shows where SFBS has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Friday, SFBS shares are changing hands at $37.16/share, slightly below the new 52-week high.
Andrew N. KattosJames J. FillerThomas A. BroughtonJames J. Filler
