Profund Advisors LLC lowered its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,112 shares of the financial services provider’s stock after selling 307 shares during the quarter. Profund Advisors LLC’s holdings in ServisFirst Bancshares were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of ServisFirst Bancshares by 12.9% in the 2nd quarter. State Street Corp now owns 2,146,142 shares of the financial services provider’s stock valued at $169,867,000 after purchasing an additional 245,142 shares in the last quarter. BlackRock Inc. boosted its position in ServisFirst Bancshares by 1.2% during the third quarter. BlackRock Inc. now owns 7,477,877 shares of the financial services provider’s stock valued at $598,231,000 after buying an additional 88,214 shares during the period. Renaissance Technologies LLC grew its stake in shares of ServisFirst Bancshares by 1,112.9% during the second quarter. Renaissance Technologies LLC now owns 75,200 shares of the financial services provider’s stock valued at $5,935,000 after buying an additional 69,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of ServisFirst Bancshares by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,314,624 shares of the financial services provider’s stock valued at $425,170,000 after buying an additional 55,172 shares during the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in shares of ServisFirst Bancshares in the third quarter worth about $4,335,000. 63.25% of the stock is currently owned by institutional investors.
Insider Activity at ServisFirst Bancshares
In related news, CEO Thomas A. Broughton acquired 3,000 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was acquired at an average cost of $49.95 per share, for a total transaction of $149,850.00. Following the acquisition, the chief executive officer now owns 259,691 shares of the company’s stock, valued at $12,971,565.45. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Thomas A. Broughton acquired 3,000 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were acquired at an average cost of $49.95 per share, with a total value of $149,850.00. Following the transaction, the chief executive officer now owns 259,691 shares in the company, valued at approximately $12,971,565.45. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hatton C.V. Smith bought 2,020 shares of the firm’s stock in a transaction dated Thursday, April 20th. The stock was purchased at an average cost of $49.47 per share, with a total value of $99,929.40. Following the transaction, the director now directly owns 419,657 shares in the company, valued at approximately $20,760,431.79. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,520 shares of company stock worth $390,479 over the last quarter. Corporate insiders own 8.22% of the company’s stock.
Wall Street Analysts Forecast Growth
ServisFirst Bancshares Stock Down 0.7 %
NASDAQ SFBS opened at $48.62 on Thursday. ServisFirst Bancshares, Inc. has a 1 year low of $47.16 and a 1 year high of $93.83. The stock has a market capitalization of $2.64 billion, a PE ratio of 10.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $59.61 and its 200 day moving average is $68.02.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its quarterly earnings data on Monday, January 23rd. The financial services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. ServisFirst Bancshares had a return on equity of 19.78% and a net margin of 38.21%. The business had revenue of $177.24 million during the quarter, compared to analysts’ expectations of $138.50 million. Sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 3.84 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Monday, April 3rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, March 31st. ServisFirst Bancshares’s payout ratio is 24.30%.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.
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