Crossmark Global Holdings Inc. bought a new stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,820 shares of the financial services provider’s stock, valued at approximately $459,000.
A number of other institutional investors and hedge funds have also bought and sold shares of SFBS. Teachers Advisors LLC increased its position in shares of ServisFirst Bancshares by 7.2% during the 1st quarter. Teachers Advisors LLC now owns 81,202 shares of the financial services provider’s stock valued at $2,954,000 after purchasing an additional 5,487 shares during the period. Dimensional Fund Advisors LP increased its position in shares of ServisFirst Bancshares by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock valued at $34,228,000 after purchasing an additional 140,253 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of ServisFirst Bancshares by 12.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 197,685 shares of the financial services provider’s stock worth $7,192,000 after acquiring an additional 21,717 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of ServisFirst Bancshares by 101.2% during the 1st quarter. Bank of America Corp DE now owns 84,575 shares of the financial services provider’s stock worth $3,076,000 after acquiring an additional 42,539 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of ServisFirst Bancshares by 22.7% during the 1st quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock worth $52,056,000 after acquiring an additional 264,493 shares in the last quarter. Hedge funds and other institutional investors own 43.22% of the company’s stock.
Separately, Zacks Investment Research lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded down $0.15 during midday trading on Wednesday, reaching $41.02. The company’s stock had a trading volume of 85,523 shares, compared to its average volume of 157,146. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2,238.38, a price-to-earnings ratio of 24.28 and a beta of 1.41. ServisFirst Bancshares, Inc. has a one year low of $32.54 and a one year high of $44.00.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, October 16th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $63.19 million for the quarter, compared to analyst estimates of $64.08 million. ServisFirst Bancshares had a return on equity of 16.84% and a net margin of 35.08%. analysts forecast that ServisFirst Bancshares, Inc. will post 1.82 earnings per share for the current fiscal year.
In other ServisFirst Bancshares news, EVP G. Carlton Barker sold 10,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00. Following the sale, the executive vice president now directly owns 126,462 shares of the company’s stock, valued at $5,343,019.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradford Alan Vieira sold 3,750 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $34.38, for a total value of $128,925.00. Following the sale, the executive vice president now directly owns 33,750 shares in the company, valued at $1,160,325. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,750 shares of company stock worth $2,626,465. 14.04% of the stock is owned by company insiders.
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About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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