NJ State Employees Deferred Compensation Plan Has $295,000 Position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

NJ State Employees Deferred Compensation Plan maintained its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the second quarter, Holdings Channel reports. The institutional investor owned 8,000 shares of the financial services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in ServisFirst Bancshares were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SFBS. BlackRock Inc. raised its stake in shares of ServisFirst Bancshares by 146,046.5% in the first quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after buying an additional 5,447,535 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of ServisFirst Bancshares by 35.1% in the first quarter. Vanguard Group Inc. now owns 3,975,898 shares of the financial services provider’s stock valued at $144,643,000 after buying an additional 1,033,129 shares during the last quarter. State Street Corp raised its stake in shares of ServisFirst Bancshares by 22.7% in the first quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock valued at $52,056,000 after buying an additional 264,493 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ServisFirst Bancshares by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock valued at $34,228,000 after buying an additional 140,253 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ServisFirst Bancshares by 40.6% in the first quarter. Bank of New York Mellon Corp now owns 726,004 shares of the financial services provider’s stock valued at $26,412,000 after buying an additional 209,826 shares during the last quarter. 43.39% of the stock is owned by institutional investors.

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 35.15 on Thursday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 21.30 and a beta of 1.38. ServisFirst Bancshares, Inc. has a 52-week low of $24.51 and a 52-week high of $42.66. The company’s 50-day moving average price is $36.51 and its 200 day moving average price is $37.56.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The business had revenue of $60.37 million for the quarter, compared to analyst estimates of $60.33 million. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post $1.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, June 29th. ServisFirst Bancshares’s payout ratio is currently 12.05%.

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Several analysts recently commented on SFBS shares. Hovde Group raised ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a report on Tuesday, April 18th. Stephens reaffirmed a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Zacks Investment Research lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub lowered ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.75.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.

Want to see what other hedge funds are holding SFBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServisFirst Bancshares, Inc. (NASDAQ:SFBS).

Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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