Zurcher Kantonalbank Zurich Cantonalbank Sells 623 Shares of ServisFirst Bancshares, Inc. (SFBS)

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Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,710 shares of the financial services provider’s stock after selling 623 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ServisFirst Bancshares were worth $91,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can boosted its position in ServisFirst Bancshares by 12.7% during the fourth quarter. Bank of Montreal Can now owns 2,990 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 337 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in ServisFirst Bancshares by 3.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,918 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 370 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in ServisFirst Bancshares by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 32,366 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 711 shares during the period. Stifel Financial Corp raised its stake in ServisFirst Bancshares by 0.8% in the fourth quarter. Stifel Financial Corp now owns 110,249 shares of the financial services provider’s stock valued at $3,511,000 after buying an additional 833 shares during the period. Finally, First Hawaiian Bank raised its stake in ServisFirst Bancshares by 38.6% in the first quarter. First Hawaiian Bank now owns 3,512 shares of the financial services provider’s stock valued at $119,000 after buying an additional 979 shares during the period. 47.30% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:SFBS traded up $0.83 on Friday, hitting $32.94. The company’s stock had a trading volume of 45,405 shares, compared to its average volume of 141,089. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.02 and a beta of 1.30. ServisFirst Bancshares, Inc. has a one year low of $29.90 and a one year high of $44.95.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). The business had revenue of $73.72 million during the quarter, compared to the consensus estimate of $76.30 million. ServisFirst Bancshares had a net margin of 37.87% and a return on equity of 19.92%. Equities research analysts expect that ServisFirst Bancshares, Inc. will post 2.65 EPS for the current year.

Several research firms have issued reports on SFBS. BidaskClub upgraded ServisFirst Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. ServisFirst Bancshares currently has an average rating of “Hold” and an average target price of $40.50.

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ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.

Read More: How is Preferred Stock Different from Common Stock?

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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