ServisFirst Bancshares, Inc. (SFBS) Shares Sold by BHK Investment Advisors LLC
BHK Investment Advisors LLC decreased its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,681 shares of the financial services provider’s stock after selling 31,831 shares during the period. ServisFirst Bancshares comprises about 2.7% of BHK Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. BHK Investment Advisors LLC owned 0.18% of ServisFirst Bancshares worth $3,909,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of ServisFirst Bancshares by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 108,850 shares of the financial services provider’s stock worth $4,542,000 after purchasing an additional 3,764 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ServisFirst Bancshares in the 2nd quarter worth $399,000. Victory Capital Management Inc. boosted its stake in shares of ServisFirst Bancshares by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 8,886 shares of the financial services provider’s stock worth $371,000 after buying an additional 1,220 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of ServisFirst Bancshares by 18.9% in the 2nd quarter. First Trust Advisors LP now owns 113,344 shares of the financial services provider’s stock worth $4,730,000 after buying an additional 18,008 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of ServisFirst Bancshares by 23.4% in the 2nd quarter. Alps Advisors Inc. now owns 13,563 shares of the financial services provider’s stock worth $563,000 after buying an additional 2,571 shares during the last quarter. 43.84% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on SFBS. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded ServisFirst Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 24th. Stephens restated a “hold” rating and issued a $43.00 price target on shares of ServisFirst Bancshares in a research note on Monday, July 23rd. Finally, ValuEngine downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $44.75.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $69.98 million for the quarter, compared to the consensus estimate of $70.70 million. ServisFirst Bancshares had a return on equity of 18.67% and a net margin of 36.06%. equities research analysts expect that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current fiscal year.
In other news, CFO William M. Foshee sold 12,034 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $42.35, for a total value of $509,639.90. Following the transaction, the chief financial officer now directly owns 277,468 shares in the company, valued at approximately $11,750,769.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.62% of the company’s stock.
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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