Victory Capital Management Inc. cut its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 96.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,416 shares of the financial services provider’s stock after selling 139,786 shares during the period. Victory Capital Management Inc.’s holdings in ServisFirst Bancshares were worth $151,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Denali Advisors LLC purchased a new position in ServisFirst Bancshares during the second quarter valued at approximately $123,000. Aperio Group LLC purchased a new position in ServisFirst Bancshares during the second quarter valued at approximately $130,000. Acadian Asset Management LLC purchased a new position in ServisFirst Bancshares during the second quarter valued at approximately $143,000. Cubist Systematic Strategies LLC purchased a new position in ServisFirst Bancshares during the second quarter valued at approximately $203,000. Finally, A.R.T. Advisors LLC purchased a new position in ServisFirst Bancshares during the second quarter valued at approximately $208,000. 47.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on SFBS. ValuEngine raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th.
SFBS stock opened at $31.88 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 12.60 and a beta of 1.32. ServisFirst Bancshares, Inc. has a 12 month low of $29.17 and a 12 month high of $39.72. The firm has a 50 day moving average of $31.92 and a two-hundred day moving average of $32.83.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The firm had revenue of $75.86 million for the quarter, compared to the consensus estimate of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. On average, research analysts expect that ServisFirst Bancshares, Inc. will post 2.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, September 30th. ServisFirst Bancshares’s dividend payout ratio is currently 23.72%.
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 certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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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