Alps Advisors Inc. decreased its stake in ServisFirst Bancshares Inc. (NASDAQ:SFBS) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,507 shares of the financial services provider’s stock after selling 775 shares during the period. Alps Advisors Inc.’s holdings in ServisFirst Bancshares were worth $519,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of ServisFirst Bancshares by 958.0% in the first quarter. Goldman Sachs Group Inc. now owns 158,996 shares of the financial services provider’s stock valued at $7,059,000 after buying an additional 143,968 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of ServisFirst Bancshares by 9.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 357,120 shares of the financial services provider’s stock valued at $15,856,000 after buying an additional 30,075 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of ServisFirst Bancshares during the second quarter valued at $630,000. Renaissance Technologies LLC increased its stake in shares of ServisFirst Bancshares by 58.5% in the first quarter. Renaissance Technologies LLC now owns 34,400 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 12,700 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of ServisFirst Bancshares by 36.2% in the second quarter. Leavell Investment Management Inc. now owns 37,613 shares of the financial services provider’s stock valued at $1,858,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 34.03% of the company’s stock.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) traded down 0.17% during trading on Monday, reaching $51.82. The company’s stock had a trading volume of 59,272 shares. The firm’s 50-day moving average is $51.71 and its 200-day moving average is $49.53. The stock has a market cap of $1.36 billion, a P/E ratio of 18.45 and a beta of 1.20. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%. Equities research analysts forecast that ServisFirst Bancshares Inc. will post $2.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, September 30th. ServisFirst Bancshares’s dividend payout ratio is 11.76%.
Several analysts recently weighed in on SFBS shares. Raymond James Financial Inc. upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, August 25th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 11,741 shares of ServisFirst Bancshares stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $52.39, for a total value of $615,110.99. Following the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at approximately $6,719,489.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rex D. Mckinney sold 48,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $50.32, for a total value of $2,415,360.00. Following the completion of the sale, the executive vice president now directly owns 28,000 shares in the company, valued at approximately $1,408,960. The disclosure for this sale can be found here. 14.28% of the stock is owned by company insiders.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. 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, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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