Stifel Financial Corp Has $4.63 Million Holdings in ServisFirst Bancshares, Inc. (SFBS)
Stifel Financial Corp raised its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,632 shares of the financial services provider’s stock after acquiring an additional 716 shares during the period. Stifel Financial Corp owned approximately 0.24% of ServisFirst Bancshares worth $4,630,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of SFBS. BlackRock Inc. raised its stake in ServisFirst Bancshares by 146,046.5% during the 1st quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after acquiring an additional 5,447,535 shares during the last quarter. Vanguard Group Inc. raised its stake in ServisFirst Bancshares by 35.1% during the 1st quarter. Vanguard Group Inc. now owns 3,975,898 shares of the financial services provider’s stock valued at $144,643,000 after acquiring an additional 1,033,129 shares during the last quarter. State Street Corp raised its stake in ServisFirst Bancshares by 22.7% during 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 acquiring an additional 264,493 shares during the last quarter. Bank of New York Mellon Corp raised its stake in ServisFirst Bancshares by 40.6% during the 1st quarter. Bank of New York Mellon Corp now owns 726,004 shares of the financial services provider’s stock valued at $26,412,000 after acquiring an additional 209,826 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in ServisFirst Bancshares by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock valued at $34,228,000 after acquiring an additional 140,253 shares during the last quarter. 42.55% of the stock is owned by hedge funds and other institutional investors.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 39.42 on Monday. ServisFirst Bancshares, Inc. has a 52 week low of $25.00 and a 52 week high of $42.66. The stock’s 50 day moving average price is $35.62 and its 200-day moving average price is $36.09. The stock has a market capitalization of $2.09 billion, a P/E ratio of 23.89 and a beta of 1.43.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. The company had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. Equities research analysts expect that ServisFirst Bancshares, Inc. will post $1.80 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 12.05%.
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In other news, EVP Bradford Alan Vieira sold 3,750 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the sale, the executive vice president now owns 33,750 shares of the company’s stock, valued at $1,160,325. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rex D. Mckinney sold 75,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $33.55, for a total value of $2,516,250.00. Following the sale, the executive vice president now directly owns 105,340 shares in the company, valued at approximately $3,534,157. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.
Several research firms have commented on SFBS. 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 reaffirmed a “hold” rating and set a $38.00 price objective on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.67.
ServisFirst Bancshares 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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