ServisFirst Bancshares, Inc. (SFBS) Stake Boosted by Victory Capital Management Inc.
Victory Capital Management Inc. grew its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,886 shares of the financial services provider’s stock after acquiring an additional 1,220 shares during the period. Victory Capital Management Inc.’s holdings in ServisFirst Bancshares were worth $371,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in ServisFirst Bancshares in the first quarter worth about $123,000. Group One Trading L.P. bought a new position in ServisFirst Bancshares in the first quarter worth about $151,000. Millennium Management LLC bought a new position in ServisFirst Bancshares in the first quarter worth about $211,000. Jane Street Group LLC bought a new position in ServisFirst Bancshares in the first quarter worth about $212,000. Finally, Aperio Group LLC raised its stake in ServisFirst Bancshares by 20.0% in the first quarter. Aperio Group LLC now owns 7,183 shares of the financial services provider’s stock worth $293,000 after buying an additional 1,197 shares in the last quarter. 45.35% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Stephens reissued a “hold” rating and issued a $43.00 price target on shares of ServisFirst Bancshares in a research note on Monday, July 23rd. ValuEngine downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. Six analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $44.75.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The business had revenue of $69.98 million for the quarter, compared to analysts’ expectations of $70.70 million. ServisFirst Bancshares had a net margin of 36.06% and a return on equity of 18.67%. equities analysts predict that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current year.
In other ServisFirst Bancshares news, CFO William M. Foshee sold 12,034 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $42.35, for a total value of $509,639.90. Following the sale, the chief financial officer now owns 277,468 shares in the company, valued at $11,750,769.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew N. Kattos sold 25,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $43.27, for a total transaction of $1,081,750.00. Following the completion of the sale, the executive vice president now owns 121,000 shares in the company, valued at approximately $5,235,670. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,113 shares of company stock worth $3,471,357. Corporate 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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