Thrivent Financial For Lutherans boosted its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,560 shares of the financial services provider’s stock after buying an additional 1,490 shares during the period. Thrivent Financial For Lutherans owned 0.05% of ServisFirst Bancshares worth $980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can lifted its holdings 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 worth $117,000 after buying an additional 2,304 shares during the period. Riverhead Capital Management LLC lifted its holdings in ServisFirst Bancshares by 135.2% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after buying an additional 2,163 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in ServisFirst Bancshares in the first quarter worth about $145,000. Victory Capital Management Inc. lifted its holdings in ServisFirst Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock worth $156,000 after buying an additional 633 shares during the period. Finally, Amalgamated Bank lifted its holdings in ServisFirst Bancshares by 5.1% in the second quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock worth $235,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 42.55% of the company’s stock.

Shares of ServisFirst Bancshares, Inc. (SFBS) opened at 39.42 on Friday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 23.89 and a beta of 1.44. The firm has a 50-day moving average of $35.62 and a 200 day moving average of $36.09. ServisFirst Bancshares, Inc. has a one year low of $25.00 and a one year high of $42.66.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $60.37 million during the quarter, compared to analysts’ expectations of $60.33 million. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.20 annualized dividend and a yield of 0.51%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 12.05%.

SFBS has been the subject of several research analyst reports. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Stephens restated a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.67.

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In related news, Director James J. Filler acquired 3,546 shares of the stock in a transaction on Friday, September 8th. The stock was bought at an average cost of $32.79 per share, with a total value of $116,273.34. Following the transaction, the director now directly owns 1,313,152 shares in the company, valued at $43,058,254.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rex D. Mckinney sold 75,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at $3,534,157. The disclosure for this sale can be found here. 14.04% of the stock is owned by 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.

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

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