The Manufacturers Life Insurance Company increased its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,174 shares of the financial services provider’s stock after acquiring an additional 150 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of ServisFirst Bancshares worth $1,334,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in ServisFirst Bancshares by 135.2% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 2,163 shares during the period. Flinton Capital Management LLC lifted its holdings in ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,296 shares during the period. Victory Capital Management Inc. lifted its holdings in ServisFirst Bancshares by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 633 shares during the period. Amalgamated Bank lifted its holdings in ServisFirst Bancshares by 5.1% during the second quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 309 shares during the period. Finally, Profund Advisors LLC lifted its holdings in ServisFirst Bancshares by 9.1% during the second quarter. Profund Advisors LLC now owns 8,634 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 42.62% of the company’s stock.

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Shares of ServisFirst Bancshares, Inc. (SFBS) opened at $39.03 on Friday. The stock has a market capitalization of $2,088.97, a price-to-earnings ratio of 22.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares, Inc. has a one year low of $28.95 and a one year high of $42.66.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm 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%. equities research analysts predict that ServisFirst Bancshares, Inc. will post 1.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 2nd were paid a $0.05 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. ServisFirst Bancshares’s payout ratio is presently 11.49%.

In other ServisFirst Bancshares news, EVP Rex D. Mckinney sold 75,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $33.55, for a total value of $2,516,250.00. Following the sale, the executive vice president now directly owns 105,340 shares in the company, valued at $3,534,157. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bradford Alan Vieira sold 3,750 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 33,750 shares in the company, valued at $1,160,325. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,750 shares of company stock worth $4,720,215. Corporate insiders own 14.04% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Stephens reiterated a “hold” rating and set a $38.00 price target on shares of ServisFirst Bancshares in a report on Wednesday, July 19th.

ServisFirst Bancshares 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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Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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