BHK Investment Advisors LLC acquired a new position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,358 shares of the financial services provider’s stock, valued at approximately $2,131,000. ServisFirst Bancshares accounts for approximately 1.8% of BHK Investment Advisors LLC’s portfolio, making the stock its 14th largest position. BHK Investment Advisors LLC owned approximately 0.10% of ServisFirst Bancshares at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $146,000. Flinton Capital Management LLC boosted its holdings in shares of ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,296 shares during the period. Welch Investments LLC bought a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $202,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $212,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of ServisFirst Bancshares by 30.0% during the third quarter. Victory Capital Management Inc. now owns 5,496 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 1,267 shares during the period. Institutional investors own 43.34% of the company’s stock.
In other news, EVP G. Carlton Barker sold 10,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.25, for a total value of $422,500.00. Following the completion of the sale, the executive vice president now directly owns 126,462 shares in the company, valued at $5,343,019.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael D. Fuller sold 20,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on SFBS. Hovde Group set a $44.00 price objective on ServisFirst Bancshares and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, January 13th. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at $40.34 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares, Inc. has a 1 year low of $32.54 and a 1 year high of $44.00. The firm has a market cap of $2,137.19, a P/E ratio of 22.53 and a beta of 1.31.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). ServisFirst Bancshares had a net margin of 33.03% and a return on equity of 16.69%. The business had revenue of $66.31 million during the quarter, compared to analyst estimates of $65.86 million. analysts predict that ServisFirst Bancshares, Inc. will post 2.49 EPS for the current year.
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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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