Thrivent Financial for Lutherans lessened its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,653 shares of the financial services provider’s stock after selling 172 shares during the period. Thrivent Financial for Lutherans owned 0.07% of ServisFirst Bancshares worth $2,371,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SFBS. Goldman Sachs Group Inc. increased its position in ServisFirst Bancshares by 12.5% in the first quarter. Goldman Sachs Group Inc. now owns 67,485 shares of the financial services provider’s stock worth $4,138,000 after purchasing an additional 7,474 shares during the period. Eubel Brady & Suttman Asset Management Inc. boosted its stake in shares of ServisFirst Bancshares by 70.0% in the 1st quarter. Eubel Brady & Suttman Asset Management Inc. now owns 55,900 shares of the financial services provider’s stock valued at $3,428,000 after purchasing an additional 23,010 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of ServisFirst Bancshares in the 1st quarter valued at about $638,000. UBS Asset Management Americas Inc. grew its position in shares of ServisFirst Bancshares by 1.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 46,682 shares of the financial services provider’s stock worth $2,863,000 after buying an additional 594 shares during the period. Finally, Bragg Financial Advisors Inc raised its stake in shares of ServisFirst Bancshares by 352.8% during the first quarter. Bragg Financial Advisors Inc now owns 317,150 shares of the financial services provider’s stock worth $19,451,000 after buying an additional 247,105 shares during the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director J. Richard Cashio sold 600 shares of the business’s stock in a transaction that occurred on Monday, June 14th. The stock was sold at an average price of $68.84, for a total value of $41,304.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William M. Foshee sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 27th. The shares were sold at an average price of $63.81, for a total value of $191,430.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $1,000,096 in the last ninety days. 9.93% of the stock is currently owned by company insiders.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Sunday, July 18th. The financial services provider reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). ServisFirst Bancshares had a net margin of 45.04% and a return on equity of 19.76%. On average, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 3.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 9th. Investors of record on Thursday, July 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, June 30th. ServisFirst Bancshares’s dividend payout ratio is currently 25.56%.
A number of analysts have commented on the stock. Hovde Group lowered shares of ServisFirst Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 7th. Zacks Investment Research cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, June 23rd.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. The company accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. Its loan products include commercial lending products, such as 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.
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