4 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in shares of ServisFirst Bancshares, Inc. ( NYSE:SFBS – Free Report ) by 14.
0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,700 shares of the financial services provider’s stock after selling 8,068 shares during the period. Russell Investments Group Ltd.
’s holdings in ServisFirst Bancshares were worth $4,212,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of ServisFirst Bancshares by 2.
1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after acquiring an additional 23,555 shares during the last quarter. GAMMA Investing LLC increased its stake in ServisFirst Bancshares by 411.
5% in the 4th quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 3,790 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in ServisFirst Bancshares by 169.
0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after buying an additional 747 shares in the last quarter. Charles Schwab Investment Management Inc.
boosted its holdings in shares of ServisFirst Bancshares by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 521,065 shares of the financial services provider’s stock worth $44,155,000 after buying an additional 29,247 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of ServisFirst Bancshares by 8.6% during the fourth quarter.
Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider’s stock valued at $39,354,000 after acquiring an additional 36,711 shares during the period. 67.31% of the stock is currently owned by institutional investors.
Insider Buying and Selling In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 17,436 shares of the company’s stock, valued at $1,546,224.
48. This trade represents a 50.80 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available through this link . 7.40% of the stock is owned by insiders.
Analyst Ratings Changes Read Our Latest Stock Report on ServisFirst Bancshares ServisFirst Bancshares Price Performance NYSE SFBS opened at $69.32 on Wednesday. The company has a 50 day moving average price of $82.
56 and a two-hundred day moving average price of $86.40. ServisFirst Bancshares, Inc.
has a 12-month low of $58.11 and a 12-month high of $101.37.
The stock has a market capitalization of $3.78 billion, a PE ratio of 16.66 and a beta of 0.
89. The company has a quick ratio of 0.95, a current ratio of 0.
95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares ( NYSE:SFBS – Get Free Report ) last posted its earnings results on Monday, January 27th.
The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.
08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.
81%. During the same quarter in the prior year, the business earned $0.91 EPS.
As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.
ServisFirst Bancshares Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a $0.335 dividend.
This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.93%.
The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares’s payout ratio is 32.21%.
ServisFirst Bancshares Profile ( 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.
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