Public Sector Pension Investment Board reduced its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,256 shares of the financial services provider’s stock after selling 14,300 shares during the period. Public Sector Pension Investment Board’s holdings in ServisFirst Bancshares were worth $3,891,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. increased its position in ServisFirst Bancshares by 117.1% in the 4th quarter. Principal Financial Group Inc. now owns 843,686 shares of the financial services provider’s stock worth $31,789,000 after buying an additional 455,143 shares during the period. Charles Schwab Investment Management Inc. increased its position in ServisFirst Bancshares by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 286,799 shares of the financial services provider’s stock worth $10,807,000 after buying an additional 4,659 shares during the period. Welch Group LLC increased its position in ServisFirst Bancshares by 17.1% in the 4th quarter. Welch Group LLC now owns 278,057 shares of the financial services provider’s stock worth $10,477,000 after buying an additional 40,590 shares during the period. Rhumbline Advisers increased its position in ServisFirst Bancshares by 5.8% in the 4th quarter. Rhumbline Advisers now owns 148,589 shares of the financial services provider’s stock worth $5,599,000 after buying an additional 8,171 shares during the period. Finally, California Public Employees Retirement System increased its position in ServisFirst Bancshares by 0.4% in the 4th quarter. California Public Employees Retirement System now owns 112,330 shares of the financial services provider’s stock worth $4,233,000 after buying an additional 503 shares during the period. 49.38% of the stock is currently owned by institutional investors.
In other ServisFirst Bancshares news, Director J. Richard Cashio sold 6,200 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $39.17, for a total value of $242,854.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rex D. Mckinney purchased 1,500 shares of the stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $27.27 per share, for a total transaction of $40,905.00. Following the completion of the transaction, the chief executive officer now directly owns 50,266 shares of the company’s stock, valued at $1,370,753.82. The disclosure for this purchase can be found here. Insiders own 10.47% of the company’s stock.
Shares of SFBS traded up $2.42 on Thursday, reaching $28.56. 27,320 shares of the stock traded hands, compared to its average volume of 342,819. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 10.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares, Inc. has a 12 month low of $21.76 and a 12 month high of $40.90. The stock’s 50-day moving average price is $34.51 and its 200-day moving average price is $35.41.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $82.83 million for the quarter, compared to analysts’ expectations of $80.46 million. ServisFirst Bancshares had a return on equity of 18.63% and a net margin of 35.98%. As a group, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 2.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, March 31st. ServisFirst Bancshares’s dividend payout ratio is presently 25.55%.
ServisFirst Bancshares 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 certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.
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