Geode Capital Management LLC Boosts Position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

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Geode Capital Management LLC increased its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 571,545 shares of the financial services provider’s stock after purchasing an additional 46,286 shares during the period. Geode Capital Management LLC’s holdings in ServisFirst Bancshares were worth $18,215,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $2,707,000. Dimensional Fund Advisors LP increased its position in shares of ServisFirst Bancshares by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,330,024 shares of the financial services provider’s stock valued at $42,388,000 after acquiring an additional 19,732 shares during the last quarter. Advisory Services Network LLC increased its position in shares of ServisFirst Bancshares by 15.3% during the fourth quarter. Advisory Services Network LLC now owns 56,501 shares of the financial services provider’s stock valued at $1,801,000 after acquiring an additional 7,482 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $232,000. Finally, Macquarie Group Ltd. increased its position in shares of ServisFirst Bancshares by 2.7% during the fourth quarter. Macquarie Group Ltd. now owns 45,385 shares of the financial services provider’s stock valued at $1,446,000 after acquiring an additional 1,180 shares during the last quarter. 47.71% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on SFBS. Zacks Investment Research downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. BidaskClub downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.50.

Shares of NASDAQ SFBS opened at $32.41 on Thursday. ServisFirst Bancshares, Inc. has a 1-year low of $29.90 and a 1-year high of $44.95. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 12.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

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

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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.

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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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