Look Under The Hood: HSMV Has 13% Upside Thursday, June 22, 7:44 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
In trading on Thursday, shares of ServisFirst Bancshares Inc (NYSE:SFBS) touched a new 52-week low of $39.27/share. That's a $54.56 share price drop, or -58.15% decline from the 52-week high of $93.83 set back on 08/16/2022. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for SFBS that means the stock would have to gain 138.94% to get back to the 52-week high. For a move like that, ServisFirst Bancshares Inc would need fundamental strength at the business level.
Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as SFBS shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, SFBS has seen 5 different instances of insiders buying over the past six months.
In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where SFBS has traded over the past year, with the 50-day and 200-day moving averages included.
Time will tell whether the insider purchases foretell a future rebound for SFBS shares, which are presently showing a last trade of $40.72/share, a 3.69% rebound off of the new 52-week low.
This Article's Word Cloud:BancsharesBargainsBroughtonBuggChairmanCheaperDirectorElizabethFillerHattonHereHollowayInsiderInsidersIrmaJamesLargeLoyaNYSEOftentimesPresidentPriceSFBSServisFirstThomasbackbelowbusinesscompanyfromhighinsiderslastlevelmeansoverpastpercentagepricereboundsharesharesstockthattradeweekwerewhetherwithwould
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
Play Video:
The Importance of ETFs
Free Email Alerts By Stock:
Start slideshow: