JPMorgan Chase & Co. Grows Stock Position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

JPMorgan Chase & Co. raised its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 20.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 889,237 shares of the financial services provider’s stock after acquiring an additional 149,308 shares during the quarter. JPMorgan Chase & Co.’s holdings in ServisFirst Bancshares were worth $35,827,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in ServisFirst Bancshares in the fourth quarter valued at about $25,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at about $70,000. ETF Managers Group LLC acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at about $125,000. SG Americas Securities LLC acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at about $187,000. Finally, BBR Partners LLC acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at about $214,000. Institutional investors own 53.43% of the company’s stock.

In related news, Director J. Richard Cashio sold 35,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $59.19, for a total transaction of $2,071,650.00. Following the transaction, the director now owns 453,054 shares in the company, valued at $26,816,266.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.47% of the company’s stock.

Several research firms recently commented on SFBS. Hovde Group lowered ServisFirst Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday. Zacks Investment Research lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 22nd.

NASDAQ SFBS opened at $60.47 on Thursday. The company has a market cap of $3.27 billion, a PE ratio of 20.50 and a beta of 1.25. The stock’s 50 day simple moving average is $56.38 and its 200-day simple moving average is $43.83. ServisFirst Bancshares, Inc. has a 1-year low of $26.00 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.97 and a quick ratio of 0.97.

ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Sunday, January 24th. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.13. The business had revenue of $100.32 million for the quarter, compared to the consensus estimate of $96.08 million. ServisFirst Bancshares had a return on equity of 17.79% and a net margin of 38.46%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 9th. Investors of record on Thursday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. ServisFirst Bancshares’s payout ratio is 29.20%.

ServisFirst Bancshares 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, 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.

See Also: Quick Ratio

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

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