ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Position Held by LS Investment Advisors LLC
LS Investment Advisors LLC held its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the financial services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in ServisFirst Bancshares were worth $136,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,304 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of ServisFirst Bancshares during the first quarter valued at $145,000. State of Alaska Department of Revenue boosted its stake in shares of ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock valued at $177,000 after buying an additional 110 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of ServisFirst Bancshares during the first quarter valued at $269,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of ServisFirst Bancshares during the first quarter valued at $291,000. 43.39% of the stock is owned by hedge funds and other institutional investors.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded down 0.62% during trading on Friday, hitting $33.93. The stock had a trading volume of 87,221 shares. The company has a 50-day moving average of $36.44 and a 200 day moving average of $37.54. ServisFirst Bancshares, Inc. has a 52 week low of $24.69 and a 52 week high of $42.66. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 20.56 and a beta of 1.38.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a $0.05 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.20 annualized dividend and a yield of 0.59%. ServisFirst Bancshares’s dividend payout ratio is presently 12.05%.
Several brokerages have weighed in on SFBS. Stephens reissued a “hold” rating and set a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Zacks Investment Research cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Hovde Group raised ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a report on Tuesday, April 18th. Finally, BidaskClub cut ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.75.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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