Neuburgh Advisers LLC Grows Stake in ServisFirst Bancshares, Inc. (SFBS)

Neuburgh Advisers LLC grew its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,812 shares of the financial services provider’s stock after acquiring an additional 1,224 shares during the quarter. Neuburgh Advisers LLC’s holdings in ServisFirst Bancshares were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in ServisFirst Bancshares by 91.7% during the third quarter. FMR LLC now owns 1,259,181 shares of the financial services provider’s stock worth $49,297,000 after buying an additional 602,281 shares in the last quarter. BlackRock Inc. lifted its position in ServisFirst Bancshares by 4.7% during the third quarter. BlackRock Inc. now owns 6,676,555 shares of the financial services provider’s stock worth $261,387,000 after buying an additional 299,298 shares in the last quarter. Davis Capital Partners LLC lifted its position in ServisFirst Bancshares by 30.1% during the fourth quarter. Davis Capital Partners LLC now owns 900,000 shares of the financial services provider’s stock worth $28,683,000 after buying an additional 208,200 shares in the last quarter. Victory Capital Management Inc. lifted its position in ServisFirst Bancshares by 1,042.8% during the fourth quarter. Victory Capital Management Inc. now owns 160,214 shares of the financial services provider’s stock worth $5,106,000 after buying an additional 146,194 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in ServisFirst Bancshares by 2.7% during the third quarter. Vanguard Group Inc now owns 4,564,777 shares of the financial services provider’s stock worth $178,711,000 after buying an additional 121,139 shares in the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

SFBS stock opened at $34.44 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 13.61 and a beta of 1.34. ServisFirst Bancshares, Inc. has a 52-week low of $29.90 and a 52-week high of $44.95.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $74.48 million for the quarter, compared to analyst estimates of $78.33 million. ServisFirst Bancshares had a return on equity of 20.43% and a net margin of 39.33%. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 2.69 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. ServisFirst Bancshares currently has an average rating of “Hold” and a consensus target price of $42.00.

In other ServisFirst Bancshares news, CEO Buford Harrison Morris III sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $36.00, for a total transaction of $360,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.56% of the stock is owned by company insiders.

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ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and various certificates of deposit.

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Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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