ServisFirst Bancshares, Inc. (SFBS) Shares Sold by First Trust Advisors LP
First Trust Advisors LP reduced its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 21.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 138,086 shares of the financial services provider’s stock after selling 37,619 shares during the period. First Trust Advisors LP owned approximately 0.26% of ServisFirst Bancshares worth $5,094,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,304 shares during the period. LS Investment Advisors LLC boosted its position in ServisFirst Bancshares by 121.6% in the first quarter. LS Investment Advisors LLC now owns 3,700 shares of the financial services provider’s stock valued at $135,000 after buying an additional 2,030 shares during the period. Ameritas Investment Partners Inc. bought a new position in ServisFirst Bancshares during the first quarter valued at $145,000. State of Alaska Department of Revenue boosted its position in ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock valued at $177,000 after buying an additional 110 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in ServisFirst Bancshares during the first quarter valued at $269,000. Institutional investors own 42.55% of the company’s stock.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 34.11 on Friday. ServisFirst Bancshares, Inc. has a 12 month low of $24.69 and a 12 month high of $42.66. The firm’s 50-day moving average is $35.31 and its 200-day moving average is $36.97. The company has a market capitalization of $1.81 billion, a PE ratio of 20.67 and a beta of 1.38.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company 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 anticipate that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current fiscal year.
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SFBS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, August 25th. Stephens restated a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a research report on Wednesday, July 19th. Finally, BidaskClub cut shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. ServisFirst Bancshares has a consensus rating of “Hold” and an average target price of $37.67.
In other news, EVP Rex D. Mckinney sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $33.55, for a total transaction of $2,516,250.00. Following the sale, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at approximately $3,534,157. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.04% of the stock is owned by corporate insiders.
About ServisFirst Bancshares
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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