Goldman Sachs Group Inc. grew its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 69.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,884 shares of the financial services provider’s stock after acquiring an additional 44,805 shares during the quarter. Goldman Sachs Group Inc.’s holdings in ServisFirst Bancshares were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in SFBS. BlackRock Inc. increased its stake in ServisFirst Bancshares by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,709,244 shares of the financial services provider’s stock worth $236,933,000 after acquiring an additional 133,546 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in ServisFirst Bancshares by 10.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,833 shares of the financial services provider’s stock worth $45,409,000 after acquiring an additional 114,126 shares during the last quarter. Welch Group LLC increased its stake in ServisFirst Bancshares by 54.4% in the 4th quarter. Welch Group LLC now owns 229,943 shares of the financial services provider’s stock worth $9,543,000 after acquiring an additional 81,041 shares during the last quarter. Arizona State Retirement System increased its stake in ServisFirst Bancshares by 224.8% in the 4th quarter. Arizona State Retirement System now owns 75,688 shares of the financial services provider’s stock worth $3,141,000 after acquiring an additional 52,388 shares during the last quarter. Finally, BHK Investment Advisors LLC bought a new stake in ServisFirst Bancshares in the 4th quarter worth approximately $2,131,000. 44.44% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. Sandler O’Neill reaffirmed a “hold” rating and issued a $45.00 price objective on shares of ServisFirst Bancshares in a research note on Wednesday, March 28th. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. BidaskClub upgraded ServisFirst Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Finally, Hovde Group set a $44.00 target price on ServisFirst Bancshares and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $44.25.
Shares of ServisFirst Bancshares stock opened at $40.56 on Monday. The company has a market capitalization of $2,155.20, a PE ratio of 22.79 and a beta of 1.30. 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 one year low of $32.54 and a one year high of $44.44.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The company had revenue of $66.31 million during 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%. research analysts forecast that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.11 dividend. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.08%. ServisFirst Bancshares’s payout ratio is 24.72%.
In other news, EVP G. Carlton Barker sold 10,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $43.25, for a total value of $432,500.00. Following the completion of the transaction, the executive vice president now owns 116,462 shares in the company, valued at approximately $5,036,981.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. 14.04% of the stock is currently owned by insiders.
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About ServisFirst Bancshares
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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