SG Americas Securities LLC boosted its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 120.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,480 shares of the financial services provider’s stock after purchasing an additional 12,840 shares during the period. SG Americas Securities LLC’s holdings in ServisFirst Bancshares were worth $793,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. First Hawaiian Bank purchased a new position in ServisFirst Bancshares during the 4th quarter worth $81,000. Bank of Montreal Can grew its position 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 purchasing an additional 337 shares during the last quarter. Eukles Asset Management purchased a new position in ServisFirst Bancshares during the 1st quarter worth $189,000. Enterprise Financial Services Corp purchased a new position in ServisFirst Bancshares during the 1st quarter worth $203,000. Finally, Amalgamated Bank purchased a new position in ServisFirst Bancshares during the 4th quarter worth $232,000. 48.48% of the stock is currently owned by institutional investors.
SFBS has been the topic of several research reports. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. ServisFirst Bancshares presently has an average rating of “Hold” and an average price target of $40.50.
ServisFirst Bancshares (NASDAQ:SFBS) last issued 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). The firm had revenue of $73.72 million during the quarter, compared to analysts’ expectations of $76.30 million. ServisFirst Bancshares had a net margin of 37.87% and a return on equity of 19.92%. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 2.59 earnings per share for the current fiscal year.
In other news, CEO Buford Harrison Morris III sold 10,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $36.00, for a total value of $360,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 13.56% of the stock is owned by insiders.
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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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