JPMorgan Chase & Co. lifted its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,310,688 shares of the financial services provider’s stock after acquiring an additional 193,042 shares during the period. JPMorgan Chase & Co. owned 2.41% of ServisFirst Bancshares worth $90,320,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. WINTON GROUP Ltd lifted its position in ServisFirst Bancshares by 3.9% during the third quarter. WINTON GROUP Ltd now owns 3,659 shares of the financial services provider’s stock worth $293,000 after buying an additional 136 shares during the period. State of Alaska Department of Revenue lifted its position in ServisFirst Bancshares by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 34,044 shares of the financial services provider’s stock worth $2,345,000 after buying an additional 187 shares during the period. Quadrant Capital Group LLC lifted its position in ServisFirst Bancshares by 64.3% during the third quarter. Quadrant Capital Group LLC now owns 590 shares of the financial services provider’s stock worth $47,000 after buying an additional 231 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of ServisFirst Bancshares by 9.1% in the 1st quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 261 shares during the period. Finally, Citizens Financial Group Inc RI raised its holdings in shares of ServisFirst Bancshares by 10.2% in the 3rd quarter. Citizens Financial Group Inc RI now owns 3,195 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 63.25% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SFBS. Raymond James began coverage on ServisFirst Bancshares in a report on Thursday, April 6th. They issued a “market perform” rating on the stock. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a report on Tuesday, May 16th. Piper Sandler cut their price objective on ServisFirst Bancshares from $60.00 to $52.00 in a report on Tuesday, April 18th. Finally, TheStreet downgraded ServisFirst Bancshares from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th.
ServisFirst Bancshares Stock Performance
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last announced its earnings results on Monday, April 17th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $114.62 million for the quarter, compared to the consensus estimate of $118.91 million. ServisFirst Bancshares had a return on equity of 19.78% and a net margin of 38.21%. On average, sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 3.84 earnings per share for the current fiscal year.
ServisFirst Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Shareholders of record on Monday, April 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Friday, March 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.48%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 24.30%.
Insider Buying and Selling at ServisFirst Bancshares
In other ServisFirst Bancshares news, Director Hatton C.V. Smith acquired 2,020 shares of the stock in a transaction on Thursday, April 20th. The stock was purchased at an average price of $49.47 per share, for a total transaction of $99,929.40. Following the purchase, the director now directly owns 419,657 shares in the company, valued at $20,760,431.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James J. Filler bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $56.28 per share, for a total transaction of $140,700.00. Following the transaction, the director now owns 1,374,831 shares in the company, valued at $77,375,488.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through 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 price of $49.47 per share, with a total value of $99,929.40. Following the transaction, the director now owns 419,657 shares in the company, valued at approximately $20,760,431.79. The disclosure for this purchase can be found here. Insiders acquired a total of 10,295 shares of company stock worth $514,244 in the last 90 days. 8.22% of the stock is owned by corporate insiders.
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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