TIAA CREF Investment Management LLC reduced its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,769 shares of the financial services provider’s stock after selling 10,077 shares during the quarter. TIAA CREF Investment Management LLC owned 0.22% of ServisFirst Bancshares worth $4,929,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in ServisFirst Bancshares during the third quarter worth $146,000. Leucadia National Corp bought a new stake in ServisFirst Bancshares during the fourth quarter worth $225,000. Aperio Group LLC bought a new stake in ServisFirst Bancshares during the fourth quarter worth $248,000. Raymond James & Associates raised its position in ServisFirst Bancshares by 30.7% during the fourth quarter. Raymond James & Associates now owns 11,106 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 2,610 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in ServisFirst Bancshares during the fourth quarter worth $645,000. 44.39% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SFBS opened at $43.13 on Thursday. ServisFirst Bancshares, Inc. has a one year low of $32.54 and a one year high of $44.44. The firm has a market capitalization of $2,235.45, a price-to-earnings ratio of 24.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. ServisFirst Bancshares had a net margin of 34.78% and a return on equity of 18.09%. The firm had revenue of $67.31 million for the quarter, compared to the consensus estimate of $67.48 million. analysts predict that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, April 2nd were issued a $0.11 dividend. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.05. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, March 29th. ServisFirst Bancshares’s payout ratio is currently 24.72%.
In related news, EVP G. Carlton Barker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $43.25, for a total value of $432,500.00. Following the transaction, the executive vice president now directly owns 116,462 shares in the company, valued at $5,036,981.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. Fuller sold 20,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The disclosure for this sale can be found here. 13.62% of the stock is owned by insiders.
Several analysts have issued reports on SFBS shares. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Sandler O’Neill reiterated a “hold” rating and issued a $45.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, March 28th. BidaskClub upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, ValuEngine upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.25.
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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 various certificates of deposit.
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