Inspire Investing LLC takes position in ServisFirst Bancshares, Inc. (NASDAQ: SFBS)
Inspire Investing LLC purchased a new stake in the shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) during the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The company bought 2,465 shares of the financial services provider, valued at around $235,000.
Several other institutional investors have also increased or reduced their stake in the company. River Oaks Capital LLC purchased a new position in shares of ServisFirst Bancshares during the 4th quarter at a value of $4,723,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in ServisFirst Bancshares by 22.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,484,020 shares of the financial services provider worth $210,992,000 after acquiring an additional 460,493 shares during the period. Welch Group LLC increased its stake in ServisFirst Bancshares by 3.5% in the 4th quarter. Welch Group LLC now owns 1,420,875 shares of the financial services provider worth $120,689,000 after acquiring an additional 47,700 shares during the period. Geode Capital Management LLC increased its stake in ServisFirst Bancshares by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 840,679 shares of the financial services provider worth $71,407,000 after acquiring an additional 14,494 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in ServisFirst Bancshares by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 389,773 shares of the financial services provider worth $33,107,000 after acquiring an additional 17,879 shares during the period. Institutional investors and hedge funds hold 62.48% of the company’s shares.
Several brokerages have recently commented on SFBS. DA Davidson lowered its price target on ServisFirst Bancshares shares from $97.00 to $94.00 in a Tuesday, April 19 report. StockNews.com took over coverage of ServisFirst Bancshares shares in a Thursday, March 31 report. They issued a “holding” rating on the stock.
In other ServisFirst Bancshares news, CEO Thomas A. Broughton purchased 1,000 shares of the company in a trade dated Friday, June 10. The shares were acquired at an average cost of $76.23 per share, for a total transaction of $76,230.00. Following the transaction, the CEO now owns 251,530 shares of the company, valued at $19,174,131.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director J. Richard Cashio sold 1,454 shares of the company in a trade dated Monday, June 6. The shares were sold at an average price of $82.13, for a total transaction of $119,417.02. Following completion of the transaction, the administrator now owns 448,045 shares of the company, valued at $36,797,935.85. The disclosure of this sale can be found here. 8.31% of the shares are currently held by insiders.
NASDAQ:SFBS opened at $80.18 on Friday. The company’s 50-day moving average is $79.54 and its 200-day moving average is $84.34. ServisFirst Bancshares, Inc. has a 52 week minimum of $65.00 and a 52 week maximum of $97.25. The company has a debt ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $4.35 billion, a price-earnings ratio of 20.40 and a beta of 1.03.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported earnings per share (EPS) of $0.99 for the quarter, missing the consensus estimate of $1.06 per ($0.07). ServisFirst Bancshares achieved a return on equity of 18.82% and a net margin of 46.29%. The company posted revenue of $113.67 million for the quarter, versus a consensus estimate of $110.86 million. In the same quarter a year earlier, the company posted EPS of $0.95. Stock analysts predict that ServisFirst Bancshares, Inc. will post EPS of 4.55 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 8. Shareholders of record on Friday, July 1 received a dividend of $0.23 per share. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $0.92 and a dividend yield of 1.15%. ServisFirst Bancshares’ dividend payout ratio (DPR) is currently 23.41%.
ServisFirst Bancshares Company Profile (Get an evaluation)
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, 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, deposit-backed loans, and secured and unsecured personal loans.
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