2 weeks Ago By ABMN Staff
Cerity Partners LLC decreased its position in shares of ServisFirst Bancshares, Inc. ( NYSE:SFBS – Free Report ) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 3,418 shares of the financial services provider’s stock after selling 2,053 shares during the period. Cerity Partners LLC’s holdings in ServisFirst Bancshares were worth $275,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also bought and sold shares of SFBS.
Federated Hermes Inc. purchased a new position in ServisFirst Bancshares in the 4th quarter worth approximately $5,859,000. Envestnet Asset Management Inc.
increased its position in ServisFirst Bancshares by 4.8% during the 4th quarter. Envestnet Asset Management Inc.
now owns 153,220 shares of the financial services provider’s stock valued at $12,984,000 after buying an additional 6,953 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in ServisFirst Bancshares during the 4th quarter valued at about $1,062,000. Wells Fargo & Company MN lifted its stake in shares of ServisFirst Bancshares by 1.
0% in the fourth quarter. Wells Fargo & Company MN now owns 372,204 shares of the financial services provider’s stock worth $31,541,000 after buying an additional 3,620 shares in the last quarter. Finally, Franklin Resources Inc.
increased its holdings in ServisFirst Bancshares by 83.4% in the 4th quarter. Franklin Resources Inc.
now owns 25,270 shares of the financial services provider’s stock worth $2,141,000 after buying an additional 11,495 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.
Insider Buying and Selling In other news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.
68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now directly owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.
48. The trade was a 50.80 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . 6.70% of the stock is owned by insiders.
ServisFirst Bancshares Stock Up 0.9 % ServisFirst Bancshares ( NYSE:SFBS – Get Free Report ) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.
16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02).
The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million.
ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%.
During the same quarter last year, the firm earned $0.94 EPS. As a group, equities analysts expect that ServisFirst Bancshares, Inc.
will post 5.17 earnings per share for the current fiscal year. ServisFirst Bancshares Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th.
Investors of record on Tuesday, April 1st were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, April 1st.
This represents a $1.34 dividend on an annualized basis and a yield of 1.87%.
ServisFirst Bancshares’s payout ratio is 30.45%. Analyst Ratings Changes A number of research analysts have weighed in on the company.
Piper Sandler lowered their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating on the stock 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. Read Our Latest Stock Analysis on SFBS About 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 More 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. ( NYSE:SFBS – Free Report ). 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.
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