Russell Investments Group Ltd. reduced its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,760 shares of the financial services provider’s stock after selling 3,755 shares during the period. Russell Investments Group Ltd. owned 0.07% of ServisFirst Bancshares worth $1,439,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in ServisFirst Bancshares by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,886 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 1,220 shares during the period. Alps Advisors Inc. raised its stake in ServisFirst Bancshares by 23.4% during the 2nd quarter. Alps Advisors Inc. now owns 13,563 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 2,571 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in ServisFirst Bancshares by 1,405.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,674 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 3,430 shares during the period. Chicago Equity Partners LLC raised its stake in ServisFirst Bancshares by 7.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 54,370 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 3,705 shares during the period. Finally, Rhumbline Advisers raised its stake in ServisFirst Bancshares by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 108,850 shares of the financial services provider’s stock valued at $4,542,000 after purchasing an additional 3,764 shares during the period. 47.35% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SFBS opened at $35.74 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. ServisFirst Bancshares, Inc. has a 1 year low of $34.15 and a 1 year high of $44.95. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 15.64 and a beta of 1.27.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. ServisFirst Bancshares had a return on equity of 19.45% and a net margin of 37.00%. The business had revenue of $72.45 million for the quarter, compared to the consensus estimate of $73.07 million. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 2.53 earnings per share for the current fiscal year.
In other ServisFirst Bancshares news, EVP W Bibb Lamar, Jr. sold 4,498 shares of ServisFirst Bancshares stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $41.00, for a total value of $184,418.00. Following the sale, the executive vice president now owns 54,465 shares of the company’s stock, valued at approximately $2,233,065. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 13.62% of the company’s stock.
Several analysts recently issued reports on the company. BidaskClub raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. ValuEngine downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Hovde Group raised ServisFirst Bancshares from a “market perform” rating to an “outperform” rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.75.
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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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