Louisiana State Employees Retirement System Lowers Stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Louisiana State Employees Retirement System trimmed its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,216 shares of the financial services provider’s stock after selling 2,984 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ServisFirst Bancshares were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SFBS. WINTON GROUP Ltd acquired a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at about $310,000. Legal & General Group Plc increased its holdings in ServisFirst Bancshares by 8.2% in the third quarter. Legal & General Group Plc now owns 106,269 shares of the financial services provider’s stock worth $4,157,000 after buying an additional 8,098 shares during the last quarter. Welch Group LLC increased its holdings in ServisFirst Bancshares by 8.4% in the fourth quarter. Welch Group LLC now owns 234,037 shares of the financial services provider’s stock worth $7,459,000 after buying an additional 18,180 shares during the last quarter. Vanguard Group Inc increased its holdings in ServisFirst Bancshares by 2.7% in the third quarter. Vanguard Group Inc now owns 4,564,777 shares of the financial services provider’s stock worth $178,711,000 after buying an additional 121,139 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in ServisFirst Bancshares by 4.1% in the third quarter. Teachers Advisors LLC now owns 96,073 shares of the financial services provider’s stock worth $3,761,000 after buying an additional 3,764 shares during the last quarter. 48.63% of the stock is owned by institutional investors.

In other ServisFirst Bancshares news, Director Irma Loya Tuder acquired 2,900 shares of ServisFirst Bancshares stock in a transaction dated Friday, December 14th. The stock was bought at an average cost of $34.48 per share, with a total value of $99,992.00. Following the completion of the transaction, the director now owns 24,000 shares of the company’s stock, valued at $827,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.62% of the stock is owned by corporate insiders.

Shares of ServisFirst Bancshares stock opened at $34.43 on Thursday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 13.61 and a beta of 1.34. 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, Inc. has a 12-month low of $29.90 and a 12-month high of $44.95.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The company had revenue of $74.48 million for the quarter, compared to the consensus estimate of $78.33 million. ServisFirst Bancshares had a return on equity of 20.43% and a net margin of 39.33%. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 2.77 EPS for the current fiscal year.

A number of research firms recently commented on SFBS. BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Friday, February 8th. Hovde Group upgraded ServisFirst Bancshares from a “market perform” rating to an “outperform” rating in a report on Friday, October 19th. Finally, Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. ServisFirst Bancshares currently has an average rating of “Hold” and a consensus price target of $42.00.

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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 various certificates of deposit.

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Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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