2 weeks Ago By Defense World Staff
Cerity Partners LLC lessened its position in ServisFirst Bancshares, Inc. (NYSE:SFBS – Free Report) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 3,418 shares of the financial services provider’s stock after selling 2,053 shares during the quarter. Cerity Partners LLC’s holdings in ServisFirst Bancshares were worth $275,000 as of its most recent filing with the SEC. A number of other hedge funds have also added to or reduced their stakes in the business.
R Squared Ltd acquired a new position in ServisFirst Bancshares during the fourth quarter worth approximately $69,000. Smartleaf Asset Management LLC raised its stake in ServisFirst Bancshares by 169.0% in the fourth quarter.
Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 747 shares in the last quarter. KBC Group NV lifted its position in ServisFirst Bancshares by 52.4% during the fourth quarter.
KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 800 shares during the period. Peapack Gladstone Financial Corp bought a new position in ServisFirst Bancshares in the 3rd quarter valued at about $234,000. Finally, Cottonwood Capital Advisors LLC raised its position in shares of ServisFirst Bancshares by 13.
7% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider’s stock valued at $266,000 after buying an additional 378 shares in the last quarter. Institutional investors own 67.
31% of the company’s stock. Insider Buying and SellingIn other news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th.
The shares were sold at an average price of $88.68, for a total value of $1,596,240.00.
Following the sale, the director now owns 17,436 shares of the company’s stock, valued at $1,546,224.48. The trade was a 50.
80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.
70% of the stock is currently owned by corporate insiders. ServisFirst Bancshares Stock Up 0.9 %Shares of NYSE:SFBS opened at $71.
59 on Friday. The business’s 50 day simple moving average is $79.79 and its two-hundred day simple moving average is $85.
93. ServisFirst Bancshares, Inc. has a 52-week low of $58.
43 and a 52-week high of $101.37. The company has a debt-to-equity ratio of 0.
04, a quick ratio of 0.95 and a current ratio of 0.95.
The firm has a market cap of $3.91 billion, a P/E ratio of 17.21 and a beta of 0.
89. ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last posted its earnings results on Monday, April 21st. The financial services provider reported $1.
16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02).
The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million.
ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%.
During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, research analysts forecast that ServisFirst Bancshares, Inc.
will post 5.17 EPS for the current fiscal year. ServisFirst Bancshares Announces DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th.
Stockholders of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st.
This represents a $1.34 annualized dividend and a dividend yield of 1.87%.
ServisFirst Bancshares’s dividend payout ratio is currently 30.45%. Wall Street Analyst Weigh InSFBS has been the subject of a number of research reports.
Piper Sandler dropped their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday.
StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.Get Our Latest Report on ServisFirst BancsharesAbout ServisFirst Bancshares (Free Report)ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers.
It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.Read MoreFive stocks we like better than ServisFirst BancsharesStock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed2 Strong Utilities Plays With Booming Earnings and Room to GrowEnergy and Oil Stocks ExplainedWhy Smart Investors Don’t Panic in Election SeasonWhat Are Some of the Best Large-Cap Stocks to Buy?Now Is the Time to Buy ServiceNow—The Rebound Is RealWant 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. (NYSE:SFBS – Free Report)..
