Westwood Holdings Group Inc. lifted its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 84.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,316 shares of the financial services provider’s stock after acquiring an additional 295,795 shares during the period. Westwood Holdings Group Inc. owned approximately 1.22% of ServisFirst Bancshares worth $26,739,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SFBS. Crossmark Global Holdings Inc. acquired a new stake in shares of ServisFirst Bancshares in the third quarter worth $459,000. Victory Capital Management Inc. increased its position in shares of ServisFirst Bancshares by 30.0% in the third quarter. Victory Capital Management Inc. now owns 5,496 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 1,267 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of ServisFirst Bancshares by 0.6% in the third quarter. Principal Financial Group Inc. now owns 374,117 shares of the financial services provider’s stock worth $14,535,000 after acquiring an additional 2,051 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of ServisFirst Bancshares by 74.0% in the third quarter. BNP Paribas Arbitrage SA now owns 24,833 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 10,558 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of ServisFirst Bancshares by 61.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,930 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 6,470 shares in the last quarter. 44.44% of the stock is owned by institutional investors.
Several research firms have recently issued reports on SFBS. Zacks Investment Research raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
Shares of ServisFirst Bancshares, Inc. (SFBS) opened at $44.29 on Friday. The firm has a market cap of $2,351.00, a price-to-earnings ratio of 24.74 and a beta of 1.34. ServisFirst Bancshares, Inc. has a fifty-two week low of $32.54 and a fifty-two week high of $44.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The firm had revenue of $66.31 million for the quarter, compared to analyst estimates of $65.86 million. ServisFirst Bancshares had a net margin of 33.03% and a return on equity of 16.69%. equities analysts anticipate that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, March 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.56%.
In related news, Director Michael D. Fuller sold 20,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP G. Carlton Barker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $43.25, for a total transaction of $432,500.00. Following the sale, the executive vice president now directly owns 116,462 shares of the company’s stock, valued at $5,036,981.50. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by company insiders.
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ServisFirst Bancshares Company Profile
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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