Fisher Asset Management LLC raised its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 32.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,074 shares of the financial services provider’s stock after buying an additional 32,957 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of ServisFirst Bancshares worth $5,020,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SFBS. Bank of Montreal Can raised its stake in shares of ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,304 shares during the period. LS Investment Advisors LLC raised its stake in shares of ServisFirst Bancshares by 121.6% in the first quarter. LS Investment Advisors LLC now owns 3,700 shares of the financial services provider’s stock worth $135,000 after buying an additional 2,030 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of ServisFirst Bancshares during the first quarter worth about $145,000. State of Alaska Department of Revenue raised its stake in shares of ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock worth $177,000 after buying an additional 110 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of ServisFirst Bancshares during the first quarter worth about $269,000. Institutional investors own 43.37% of the company’s stock.
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 36.67 on Thursday. ServisFirst Bancshares, Inc. has a 52 week low of $24.51 and a 52 week high of $42.66. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 22.22 and a beta of 1.41. The firm’s 50-day moving average is $36.58 and its 200-day moving average is $37.71.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, July 17th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $60.37 million for the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, June 29th. ServisFirst Bancshares’s dividend payout ratio is currently 12.05%.
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A number of brokerages have issued reports on SFBS. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Stephens reiterated a “hold” rating on shares of ServisFirst Bancshares in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Hovde Group upgraded shares of ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price target on the stock in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.75.
In other news, EVP W Bibb Lamar, Jr. sold 28,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $38.78, for a total value of $1,085,840.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 619 shares of company stock worth $22,411 over the last ninety days. Corporate insiders own 14.04% of the company’s stock.
ServisFirst Bancshares Company Profile
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.
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