ServisFirst Bancshares, Inc. (SFBS) Position Lifted by Arizona State Retirement System
Arizona State Retirement System lifted its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 224.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,688 shares of the financial services provider’s stock after buying an additional 52,388 shares during the period. Arizona State Retirement System’s holdings in ServisFirst Bancshares were worth $3,141,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System grew its position in shares of ServisFirst Bancshares by 11.5% in the 2nd quarter. California Public Employees Retirement System now owns 26,200 shares of the financial services provider’s stock valued at $967,000 after buying an additional 2,700 shares during the last quarter. Arlington Partners LLC purchased a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $964,000. Crossmark Global Holdings Inc. purchased a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at $459,000. Jacobs Asset Management LLC grew its position in shares of ServisFirst Bancshares by 6.2% in the 3rd quarter. Jacobs Asset Management LLC now owns 229,794 shares of the financial services provider’s stock valued at $8,927,000 after buying an additional 13,500 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC grew its position in shares of ServisFirst Bancshares by 104.0% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 35,500 shares of the financial services provider’s stock valued at $1,379,000 after buying an additional 18,100 shares during the last quarter. 43.67% of the stock is currently owned by hedge funds and other institutional investors.
In other ServisFirst Bancshares news, Director Michael D. Fuller sold 20,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $42.23, for a total transaction of $844,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 14.04% of the company’s stock.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). ServisFirst Bancshares had a return on equity of 16.23% and a net margin of 36.57%. The business had revenue of $66.31 million for the quarter, compared to analysts’ expectations of $65.86 million. equities analysts anticipate that ServisFirst Bancshares, Inc. will post 2.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.11 per share. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.05. This represents a $0.44 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, March 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.24%.
Several research analysts have issued reports on SFBS shares. Zacks Investment Research raised shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Saturday, January 13th. Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
ServisFirst Bancshares 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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.