Peregrine Capital Management LLC bought a new position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the third quarter, Holdings Channel reports. The firm bought 319,143 shares of the financial services provider’s stock, valued at approximately $16,567,000.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of ServisFirst Bancshares by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the financial services provider’s stock worth $504,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its position in shares of ServisFirst Bancshares by 1.0% in the third quarter. Texas Permanent School Fund now owns 16,799 shares of the financial services provider’s stock worth $872,000 after buying an additional 164 shares in the last quarter. California Public Employees Retirement System raised its position in shares of 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 worth $736,000 after buying an additional 200 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of 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 worth $152,000 after buying an additional 379 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of ServisFirst Bancshares by 5.7% in the second quarter. BlackRock Advisors LLC now owns 10,722 shares of the financial services provider’s stock worth $530,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 17.41% of the company’s stock.

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

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at 37.19 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 25.06 and a beta of 1.44. The stock’s 50 day moving average is $60.84 and its 200 day moving average is $54.23. ServisFirst Bancshares, Inc. has a 52-week low of $17.06 and a 52-week high of $38.65.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, October 17th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. ServisFirst Bancshares had a return on equity of 16.10% and a net margin of 34.91%. Equities research analysts forecast that ServisFirst Bancshares, Inc. will post $1.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, January 3rd will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.16 annualized dividend and a yield of 0.43%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 11.07%.

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SFBS has been the subject of several research reports. Hovde Group raised their price objective on shares of ServisFirst Bancshares from $55.00 to $55.50 and gave the company a “market perform” rating in a research report on Tuesday, October 18th. Raymond James Financial, Inc. restated a “market perform” rating on shares of ServisFirst Bancshares in a research report on Tuesday, October 18th. Finally, Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, December 20th.

In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 7,676 shares of ServisFirst Bancshares stock in a transaction on Monday, October 24th. The stock was sold at an average price of $53.60, for a total transaction of $411,433.60. Following the completion of the transaction, the executive vice president now directly owns 116,000 shares of the company’s stock, valued at $6,217,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William M. Foshee sold 3,000 shares of ServisFirst Bancshares stock in a transaction 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 transaction, the chief financial officer now directly owns 168,751 shares of the company’s stock, valued at $11,974,570.96. The disclosure for this sale can be found here. 14.28% of the stock is owned by corporate 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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