Barclays PLC Lowers Stake in ServisFirst Bancshares, Inc. (SFBS)

Barclays PLC lowered its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 57.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,069 shares of the financial services provider’s stock after selling 28,937 shares during the quarter. Barclays PLC’s holdings in ServisFirst Bancshares were worth $671,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. First Hawaiian Bank acquired a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $81,000. Bank of Montreal Can grew its stake in 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 worth $95,000 after buying an additional 337 shares during the last quarter. Janus Henderson Group PLC bought a new position in ServisFirst Bancshares during the 3rd quarter worth $252,000. Flinton Capital Management LLC grew its stake in 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 worth $284,000 after buying an additional 1,008 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in ServisFirst Bancshares during the 4th quarter worth $319,000. Institutional investors and hedge funds own 48.33% of the company’s stock.

Several research firms have recently issued reports on SFBS. BidaskClub cut ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, February 8th. Zacks Investment Research cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. ServisFirst Bancshares has an average rating of “Hold” and a consensus price target of $40.50.

SFBS stock traded down $1.00 during trading hours on Friday, hitting $33.58. 147,540 shares of the stock traded hands, compared to its average volume of 174,775. ServisFirst Bancshares, Inc. has a one year low of $29.90 and a one year high of $44.95. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.27 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.04). ServisFirst Bancshares had a net margin of 37.87% and a return on equity of 19.92%. The firm had revenue of $73.72 million for the quarter, compared to the consensus estimate of $76.30 million. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 2.59 earnings per share for the current year.

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

In other news, CEO Buford Harrison Morris III sold 10,000 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $36.00, for a total transaction of $360,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.56% of the company’s stock.

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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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