BNP Paribas Arbitrage SA Has $170,000 Position in ServisFirst Bancshares Inc. (SFBS)
BNP Paribas Arbitrage SA cut its stake in shares of ServisFirst Bancshares Inc. (NASDAQ:SFBS) by 53.1% during the third quarter, Holdings Channel reports. The institutional investor owned 3,283 shares of the financial services provider’s stock after selling 3,719 shares during the period. BNP Paribas Arbitrage SA’s holdings in ServisFirst Bancshares were worth $170,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of SFBS. BlackRock Fund Advisors boosted its position in ServisFirst Bancshares by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,403,955 shares of the financial services provider’s stock valued at $69,341,000 after buying an additional 837,607 shares in the last quarter. Vanguard Group Inc. boosted its position in ServisFirst Bancshares by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,007,306 shares of the financial services provider’s stock worth $49,751,000 after buying an additional 221,357 shares in the last quarter. State Street Corp boosted its position in ServisFirst Bancshares by 18.1% in the second quarter. State Street Corp now owns 523,988 shares of the financial services provider’s stock worth $25,880,000 after buying an additional 80,336 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in ServisFirst Bancshares by 32.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 471,685 shares of the financial services provider’s stock worth $23,297,000 after buying an additional 114,565 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock worth $18,217,000 after buying an additional 313,789 shares in the last quarter. Hedge funds and other institutional investors own 34.03% of the company’s stock.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.69 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of 18.76 and a beta of 1.19. The firm’s 50-day moving average is $51.84 and its 200-day moving average is $49.76. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, analysts anticipate that ServisFirst Bancshares Inc. will post $2.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Tuesday, October 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.76%.
A number of equities analysts have weighed in on SFBS shares. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Thursday, August 25th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
In related news, EVP Andrew N. Kattos sold 4,259 shares of ServisFirst Bancshares stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total value of $223,427.14. Following the transaction, the executive vice president now directly owns 127,597 shares in the company, valued at approximately $6,693,738.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rex D. Mckinney sold 48,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $50.32, for a total transaction of $2,415,360.00. Following the completion of the transaction, the executive vice president now owns 28,000 shares in the company, valued at $1,408,960. The disclosure for this sale can be found here. Insiders own 14.28% of the company’s stock.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
Want to see what other hedge funds are holding SFBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServisFirst Bancshares Inc. (NASDAQ:SFBS).
Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.