Squarepoint Ops LLC boosted its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,296 shares of the financial services provider’s stock after buying an additional 1,713 shares during the period. Squarepoint Ops LLC’s holdings in ServisFirst Bancshares were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its position 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 valued at $4,157,000 after buying an additional 8,098 shares during the last quarter. Teachers Advisors LLC boosted its position in ServisFirst Bancshares by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 96,073 shares of the financial services provider’s stock worth $3,761,000 after purchasing an additional 3,764 shares in the last quarter. Welch Group LLC boosted its position in ServisFirst Bancshares by 8.4% in the 4th quarter. Welch Group LLC now owns 234,037 shares of the financial services provider’s stock worth $7,459,000 after purchasing an additional 18,180 shares in the last quarter. Vanguard Group Inc boosted its position in ServisFirst Bancshares by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 4,564,777 shares of the financial services provider’s stock worth $178,711,000 after purchasing an additional 121,139 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in ServisFirst Bancshares by 4.3% in the 4th quarter. Texas Permanent School Fund now owns 29,991 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 1,223 shares in the last quarter. Hedge funds and other institutional investors own 48.57% of the company’s stock.
In related news, CEO Buford Harrison Morris III sold 10,000 shares of the stock in a transaction on Thursday, February 21st. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. 13.56% of the stock is currently owned by corporate insiders.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.04). The company had revenue of $73.72 million during the quarter, compared to analysts’ expectations of $76.30 million. ServisFirst Bancshares had a return on equity of 19.92% and a net margin of 37.87%. On average, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 2.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, March 29th. ServisFirst Bancshares’s dividend payout ratio is currently 23.72%.
Several research firms have commented on SFBS. BidaskClub upgraded ServisFirst Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. ServisFirst Bancshares has a consensus rating of “Hold” and a consensus price target of $40.50.
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ServisFirst Bancshares 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 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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