ServisFirst Bancshares, Inc. (SFBS) Holdings Maintained by Aull & Monroe Investment Management Corp
Aull & Monroe Investment Management Corp held its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,446 shares of the financial services provider’s stock at the close of the second quarter. Aull & Monroe Investment Management Corp’s holdings in ServisFirst Bancshares were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in shares of ServisFirst Bancshares by 146,046.5% in the 1st quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after buying an additional 5,447,535 shares during the period. Vanguard Group Inc. grew its stake in shares of ServisFirst Bancshares by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock valued at $149,467,000 after buying an additional 75,782 shares during the period. State Street Corp grew its stake in shares of ServisFirst Bancshares by 22.7% in the 1st quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock valued at $52,056,000 after buying an additional 264,493 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ServisFirst Bancshares by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,707 shares of the financial services provider’s stock valued at $38,908,000 after buying an additional 113,855 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of ServisFirst Bancshares by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 742,998 shares of the financial services provider’s stock valued at $27,409,000 after buying an additional 16,994 shares during the period. 42.55% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Stephens restated a “hold” rating and issued a $38.00 target price on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. ServisFirst Bancshares currently has an average rating of “Hold” and a consensus target price of $37.67.
Shares of ServisFirst Bancshares, Inc. (NASDAQ SFBS) traded down 0.10% during mid-day trading on Thursday, hitting $38.45. The stock had a trading volume of 21,519 shares. ServisFirst Bancshares, Inc. has a 1-year low of $25.00 and a 1-year high of $42.66. The stock’s 50-day moving average is $34.55 and its 200 day moving average is $36.23. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.30 and a beta of 1.40.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The company had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. Equities research analysts predict that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, September 29th. ServisFirst Bancshares’s dividend payout ratio is 12.05%.
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In other ServisFirst Bancshares news, EVP Rex D. Mckinney sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $33.55, for a total transaction of $2,516,250.00. Following the completion of the transaction, the executive vice president now owns 105,340 shares of the company’s stock, valued at $3,534,157. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Filler bought 3,546 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were 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 of the company’s stock, valued at approximately $43,058,254.08. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by company insiders.
ServisFirst Bancshares Company 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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