Teachers Advisors LLC boosted its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,927 shares of the financial services provider’s stock after buying an additional 6,725 shares during the period. Teachers Advisors LLC owned 0.17% of ServisFirst Bancshares worth $3,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Welch Group LLC increased its position in ServisFirst Bancshares by 38.4% during the second quarter. Welch Group LLC now owns 207,771 shares of the financial services provider’s stock worth $7,665,000 after buying an additional 57,629 shares during the period. Fisher Asset Management LLC increased its position in ServisFirst Bancshares by 32.0% during the second quarter. Fisher Asset Management LLC now owns 136,074 shares of the financial services provider’s stock worth $5,020,000 after buying an additional 32,957 shares during the period. BlackRock Inc. increased its position in ServisFirst Bancshares by 146,046.5% during the first quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock worth $198,318,000 after buying an additional 5,447,535 shares during the period. State Street Corp increased its position in ServisFirst Bancshares by 22.7% during the first quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock worth $52,056,000 after buying an additional 264,493 shares during the period. Finally, Russell Investments Group Ltd. increased its position in ServisFirst Bancshares by 84.4% during the second quarter. Russell Investments Group Ltd. now owns 44,865 shares of the financial services provider’s stock worth $1,655,000 after buying an additional 20,529 shares during the period. 42.55% of the stock is currently owned by institutional investors.

In other news, EVP Bradford Alan Vieira sold 3,750 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the sale, the executive vice president now directly owns 33,750 shares in the company, valued at approximately $1,160,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rex D. Mckinney sold 75,000 shares of the stock in a transaction that occurred 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 owns 105,340 shares in the company, valued at $3,534,157. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by corporate insiders.

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 39.70 on Tuesday. ServisFirst Bancshares, Inc. has a 12-month low of $25.00 and a 12-month high of $42.66. The stock has a 50 day moving average price of $36.46 and a 200-day moving average price of $36.23. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 24.06 and a beta of 1.43.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $60.37 million for the quarter, compared to analysts’ expectations of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. Equities analysts forecast that ServisFirst Bancshares, Inc. will post $1.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, October 2nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, September 29th. ServisFirst Bancshares’s payout ratio is 12.05%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/servisfirst-bancshares-inc-sfbs-shares-bought-by-teachers-advisors-llc/1635816.html.

SFBS has been the topic of several research analyst reports. Zacks Investment Research raised ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, August 25th. Stephens reaffirmed a “hold” rating and set a $38.00 price target on shares of ServisFirst Bancshares in a research report on Wednesday, July 19th. Finally, BidaskClub lowered ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.67.

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.

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

Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.