Emerald Mutual Fund Advisers Trust maintained its stake in ServisFirst Bancshares Inc. (NASDAQ:SFBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,065 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in ServisFirst Bancshares were worth $6,325,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in 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. Renaissance Technologies LLC raised its stake in 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. Teachers Advisors Inc. raised its stake in ServisFirst Bancshares by 8.0% in the first quarter. Teachers Advisors Inc. now owns 34,080 shares of the financial services provider’s stock valued at $1,513,000 after buying an additional 2,514 shares during the last quarter. Hancock Holding Co. raised its stake in ServisFirst Bancshares by 1.0% in the first quarter. Hancock Holding Co. now owns 200,095 shares of the financial services provider’s stock valued at $8,884,000 after buying an additional 1,940 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in ServisFirst Bancshares during the second quarter valued at approximately $120,000. 34.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of ServisFirst Bancshares Inc. (NASDAQ:SFBS) traded down 0.25% on Friday, hitting $52.69. 63,275 shares of the stock traded hands. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58. The stock’s 50 day moving average price is $51.81 and its 200 day moving average price is $49.66. The stock has a market cap of $1.38 billion, a P/E ratio of 18.76 and a beta of 1.19.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, equities analysts expect that ServisFirst Bancshares Inc. will post $2.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Tuesday, October 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, September 30th. ServisFirst Bancshares’s dividend payout ratio is presently 11.76%.
SFBS has been the topic of several research reports. Raymond James Financial Inc. raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, August 25th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd.
In related news, EVP Andrew N. Kattos sold 4,259 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total value of $223,427.14. Following the transaction, the executive vice president now owns 127,597 shares of the company’s stock, valued at approximately $6,693,738.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rex D. Mckinney sold 48,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.32, for a total transaction of $2,415,360.00. Following the completion of the transaction, 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 currently owned by corporate insiders.
About ServisFirst Bancshares
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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