BNP Paribas Arbitrage SA Has $527,000 Holdings in ServisFirst Bancshares, Inc. (SFBS)
BNP Paribas Arbitrage SA grew its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 54.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,275 shares of the financial services provider’s stock after acquiring an additional 5,018 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in ServisFirst Bancshares were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of SFBS. BlackRock Inc. boosted its holdings in ServisFirst Bancshares by 146,046.5% during the 1st quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock worth $198,318,000 after acquiring an additional 5,447,535 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ServisFirst Bancshares by 35.1% during the 1st quarter. Vanguard Group Inc. now owns 3,975,898 shares of the financial services provider’s stock worth $144,643,000 after acquiring an additional 1,033,129 shares during the last quarter. State Street Corp boosted its holdings in ServisFirst Bancshares by 22.7% during the 1st quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock worth $52,056,000 after acquiring an additional 264,493 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in ServisFirst Bancshares by 40.6% during the 1st quarter. Bank of New York Mellon Corp now owns 726,004 shares of the financial services provider’s stock worth $26,412,000 after acquiring an additional 209,826 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ServisFirst Bancshares by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock worth $34,228,000 after acquiring an additional 140,253 shares during the last quarter. 42.55% of the stock is currently owned by hedge funds and other institutional investors.
SFBS has been the topic of a number of analyst reports. BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Stephens reaffirmed a “hold” rating and set a $38.00 price objective on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. ServisFirst Bancshares presently has an average rating of “Hold” and a consensus target price of $37.67.
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Shares of ServisFirst Bancshares, Inc. (NASDAQ SFBS) opened at 34.61 on Thursday. ServisFirst Bancshares, Inc. has a 1-year low of $24.69 and a 1-year high of $42.66. The company has a market capitalization of $1.83 billion, a PE ratio of 20.98 and a beta of 1.40. The stock’s 50 day moving average price is $34.77 and its 200-day moving average price is $36.47.
ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. The firm had revenue of $60.37 million for the quarter, compared to analysts’ expectations of $60.33 million. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current year.
In other news, EVP Rex D. Mckinney sold 75,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $33.55, for a total value of $2,516,250.00. Following the sale, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at $3,534,157. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James J. Filler bought 3,546 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $32.79 per share, for a total transaction of $116,273.34. Following the completion of the purchase, the director now owns 1,313,152 shares of the company’s stock, valued at approximately $43,058,254.08. The disclosure for this purchase can be found here. Corporate insiders own 14.04% of the company’s stock.
About ServisFirst Bancshares
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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