ServisFirst Bancshares, Inc. (SFBS) is River Oaks Capital LLC’s 8th Largest Position
River Oaks Capital LLC continued to hold its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 105,300 shares of the financial services provider’s stock at the close of the 2nd quarter. ServisFirst Bancshares comprises 3.2% of River Oaks Capital LLC’s portfolio, making the stock its 8th biggest position. River Oaks Capital LLC owned 0.20% of ServisFirst Bancshares worth $3,885,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its stake in ServisFirst Bancshares by 11.5% during the 2nd quarter. California Public Employees Retirement System now owns 26,200 shares of the financial services provider’s stock worth $967,000 after acquiring an additional 2,700 shares during the period. Vanguard Group Inc. raised its stake in ServisFirst Bancshares by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock worth $149,467,000 after acquiring an additional 75,782 shares during the period. Pinebridge Investments L.P. raised its stake in ServisFirst Bancshares by 7.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 29,842 shares of the financial services provider’s stock worth $1,102,000 after acquiring an additional 2,107 shares during the period. GSA Capital Partners LLP raised its stake in ServisFirst Bancshares by 42.1% during the 2nd quarter. GSA Capital Partners LLP now owns 32,934 shares of the financial services provider’s stock worth $1,215,000 after acquiring an additional 9,759 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in ServisFirst Bancshares by 8.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,650 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 1,826 shares during the period. Institutional investors own 42.55% of the company’s stock.
In other ServisFirst Bancshares news, Director James J. Filler bought 3,546 shares of ServisFirst Bancshares stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of $32.79 per share, with a total value of $116,273.34. Following the purchase, the director now directly owns 1,313,152 shares in the company, valued at approximately $43,058,254.08. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradford Alan Vieira sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total value of $128,925.00. Following the transaction, the executive vice president now directly owns 33,750 shares of the company’s stock, valued at $1,160,325. The disclosure for this sale can be found here. Corporate insiders own 14.04% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “ServisFirst Bancshares, Inc. (SFBS) is River Oaks Capital LLC’s 8th Largest Position” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/23/servisfirst-bancshares-inc-sfbs-is-river-oaks-capital-llcs-8th-largest-position.html.
ServisFirst Bancshares, Inc. (NASDAQ SFBS) traded up 0.64% during midday trading on Friday, reaching $36.38. 63,317 shares of the company’s stock were exchanged. ServisFirst Bancshares, Inc. has a 52 week low of $25.00 and a 52 week high of $42.66. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 22.05 and a beta of 1.40. The firm’s 50 day moving average is $34.55 and its 200 day moving average is $36.23.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, equities analysts anticipate that ServisFirst Bancshares, Inc. will post $1.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, September 29th. ServisFirst Bancshares’s payout ratio is 12.05%.
A number of equities research analysts have commented on SFBS shares. BidaskClub cut shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Stephens restated a “hold” rating and set a $38.00 target price on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. ServisFirst Bancshares currently has a consensus rating of “Hold” and a consensus target price of $37.67.
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.
Want to see what other hedge funds are holding SFBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServisFirst Bancshares, Inc. (NASDAQ:SFBS).
Receive News & Stock 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 stocks with our FREE daily email newsletter.