Texas Permanent School Fund boosted its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,991 shares of the financial services provider’s stock after purchasing an additional 1,223 shares during the quarter. Texas Permanent School Fund owned about 0.06% of ServisFirst Bancshares worth $956,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in ServisFirst Bancshares by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 579,817 shares of the financial services provider’s stock valued at $18,479,000 after acquiring an additional 40,902 shares during the period. Stephens Inc. AR acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $319,000. BlackRock Inc. grew its stake in ServisFirst Bancshares by 2.3% in the 4th quarter. BlackRock Inc. now owns 6,828,128 shares of the financial services provider’s stock valued at $217,612,000 after acquiring an additional 151,573 shares during the period. Piedmont Investment Advisors Inc. grew its stake in ServisFirst Bancshares by 3.5% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,918 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 370 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $555,000. 48.33% of the stock is currently owned by institutional investors.

In other ServisFirst Bancshares news, CEO Buford Harrison Morris III sold 10,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.56% of the company’s stock.

SFBS traded up $0.57 on Monday, hitting $35.01. 375 shares of the company’s stock were exchanged, compared to its average volume of 143,153. ServisFirst Bancshares, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $44.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.84 billion, a PE ratio of 13.82 and a beta of 1.34.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). ServisFirst Bancshares had a return on equity of 20.43% and a net margin of 39.33%. The business had revenue of $74.48 million for the quarter, compared to analyst estimates of $78.33 million. As a group, research analysts anticipate that ServisFirst Bancshares, Inc. will post 2.69 earnings per share for the current year.

SFBS has been the topic of a number of research analyst reports. BidaskClub cut shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

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ServisFirst Bancshares Company Profile

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

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