BHK Investment Advisors LLC purchased a new position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 51,358 shares of the financial services provider’s stock, valued at approximately $2,131,000. ServisFirst Bancshares makes up about 1.8% of BHK Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding. BHK Investment Advisors LLC owned 0.10% of ServisFirst Bancshares as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN increased its position in shares of ServisFirst Bancshares by 24.4% during the 4th quarter. Wells Fargo & Company MN now owns 82,340 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 16,163 shares during the last quarter. Swiss National Bank lifted its holdings in shares of ServisFirst Bancshares by 3.1% in the 4th quarter. Swiss National Bank now owns 75,768 shares of the financial services provider’s stock worth $3,144,000 after buying an additional 2,300 shares during the period. California Public Employees Retirement System lifted its holdings in shares of ServisFirst Bancshares by 41.5% in the 4th quarter. California Public Employees Retirement System now owns 24,474 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 7,180 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $645,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $1,683,000. 43.67% of the stock is currently owned by institutional investors.
ServisFirst Bancshares, Inc. (SFBS) traded down $0.65 during trading on Wednesday, reaching $41.21. The company had a trading volume of 226,400 shares, compared to its average volume of 151,480. The firm has a market capitalization of $2,218.27, a price-to-earnings ratio of 23.82 and a beta of 1.31. ServisFirst Bancshares, Inc. has a 12-month low of $32.54 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $66.31 million for the quarter, compared to analysts’ expectations of $65.86 million. ServisFirst Bancshares had a return on equity of 16.69% and a net margin of 33.03%. sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on SFBS. Zacks Investment Research upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Hovde Group set a $44.00 target price on ServisFirst Bancshares and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th.
In other news, EVP G. Carlton Barker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total value of $422,500.00. Following the transaction, the executive vice president now 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 is accessible through this hyperlink. Also, Director Michael D. Fuller sold 20,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $42.23, for a total value of $844,600.00. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.
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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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