ServisFirst Bancshares, Inc. (SFBS) Position Lessened by Paloma Partners Management Co

Paloma Partners Management Co lowered its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,511 shares of the financial services provider’s stock after selling 8,858 shares during the quarter. Paloma Partners Management Co’s holdings in ServisFirst Bancshares were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank bought a new stake in shares of ServisFirst Bancshares in the 4th quarter worth about $81,000. Bank of Montreal Can grew its position in shares of ServisFirst Bancshares by 12.7% during the 4th quarter. Bank of Montreal Can now owns 2,990 shares of the financial services provider’s stock valued at $95,000 after buying an additional 337 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at about $252,000. Squarepoint Ops LLC grew its position in shares of ServisFirst Bancshares by 26.0% during the 4th quarter. Squarepoint Ops LLC now owns 8,296 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,713 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of ServisFirst Bancshares by 12.8% during the 4th quarter. Flinton Capital Management LLC now owns 8,904 shares of the financial services provider’s stock valued at $284,000 after buying an additional 1,008 shares during the last quarter. Institutional investors own 48.33% of the company’s stock.

In related news, CEO Buford Harrison Morris III sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $36.00, for a total value of $360,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.56% of the stock is owned by insiders.

Shares of NASDAQ:SFBS traded down $1.00 during trading on Friday, reaching $33.58. The company had a trading volume of 147,540 shares, compared to its average volume of 174,775. The firm has a market cap of $1.80 billion, a P/E ratio of 13.27 and a beta of 1.32. ServisFirst Bancshares, Inc. has a twelve month low of $29.90 and a twelve month high of $44.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The company had revenue of $73.72 million during the quarter, compared to analyst estimates of $76.30 million. ServisFirst Bancshares had a return on equity of 19.92% and a net margin of 37.87%. Equities research analysts forecast that ServisFirst Bancshares, Inc. will post 2.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a $0.15 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.79%. ServisFirst Bancshares’s payout ratio is currently 23.72%.

A number of equities research analysts recently weighed in on SFBS shares. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, February 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. ServisFirst Bancshares currently has a consensus rating of “Hold” and a consensus target price of $40.50.

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About ServisFirst Bancshares

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

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