Nationwide Fund Advisors continued to hold its position in ServisFirst Bancshares Inc. (NASDAQ:SFBS) during the third quarter, Holdings Channel reports. The fund owned 26,525 shares of the financial services provider’s stock at the end of the third quarter. Nationwide Fund Advisors owned approximately 0.10% of ServisFirst Bancshares worth $1,377,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in ServisFirst Bancshares by 1.4% in the second quarter. California Public Employees Retirement System now owns 14,900 shares of the financial services provider’s stock valued at $736,000 after buying an additional 200 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in ServisFirst Bancshares by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,083 shares of the financial services provider’s stock valued at $152,000 after buying an additional 379 shares during the period. Warren Averett Asset Management LLC boosted its stake in ServisFirst Bancshares by 0.5% in the second quarter. Warren Averett Asset Management LLC now owns 81,930 shares of the financial services provider’s stock valued at $4,047,000 after buying an additional 410 shares during the period. BlackRock Advisors LLC boosted its stake in ServisFirst Bancshares by 5.7% in the second quarter. BlackRock Advisors LLC now owns 10,722 shares of the financial services provider’s stock valued at $530,000 after buying an additional 574 shares during the period. Finally, California State Teachers Retirement System boosted its stake in ServisFirst Bancshares by 2.0% in the second quarter. California State Teachers Retirement System now owns 48,320 shares of the financial services provider’s stock valued at $2,387,000 after buying an additional 940 shares during the period. 34.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

ServisFirst Bancshares Inc. (NASDAQ:SFBS) traded up 2.18% during midday trading on Tuesday, reaching $73.03. 182,824 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $57.99 and a 200 day moving average price of $52.61. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 24.60 and a beta of 1.16. ServisFirst Bancshares Inc. has a 12-month low of $34.12 and a 12-month high of $73.36.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, October 17th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. ServisFirst Bancshares had a net margin of 34.91% and a return on equity of 16.10%. On average, analysts expect that ServisFirst Bancshares Inc. will post $2.84 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the stock. Hovde Group increased their price objective on shares of ServisFirst Bancshares from $55.00 to $55.50 and gave the stock a “market perform” rating in a research report on Tuesday, October 18th. 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.

In other news, CFO William M. Foshee sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $70.96, for a total value of $212,880.00. Following the completion of the sale, the chief financial officer now directly owns 168,751 shares in the company, valued at approximately $11,974,570.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew N. Kattos sold 11,741 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $52.39, for a total transaction of $615,110.99. Following the completion of the sale, the executive vice president now owns 128,259 shares of the company’s stock, valued at $6,719,489.01. The disclosure for this sale can be found here. 14.28% of the stock is currently owned by insiders.

About ServisFirst Bancshares

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.

5 Day Chart for NASDAQ:SFBS

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