Grandeur Peak Global Advisors LLC Has $642,000 Position in ServisFirst Bancshares, Inc. (SFBS)

Grandeur Peak Global Advisors LLC lessened its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 31.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the financial services provider’s stock after selling 8,100 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in ServisFirst Bancshares were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SFBS. Riverhead Capital Management LLC increased its holdings in ServisFirst Bancshares by 135.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 2,163 shares during the period. Ameritas Investment Partners Inc. bought a new stake in ServisFirst Bancshares during the 1st quarter worth approximately $145,000. Flinton Capital Management LLC increased its holdings in ServisFirst Bancshares by 124.2% during the 2nd quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,296 shares during the period. Victory Capital Management Inc. increased its holdings in ServisFirst Bancshares by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 633 shares during the period. Finally, Amalgamated Bank increased its holdings in ServisFirst Bancshares by 5.1% during the 2nd quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 309 shares during the period. 42.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Rex D. Mckinney sold 75,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $33.55, for a total value of $2,516,250.00. Following the completion of the transaction, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at $3,534,157. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bradford Alan Vieira sold 3,750 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $34.38, for a total transaction of $128,925.00. Following the completion of the transaction, the executive vice president now directly owns 33,750 shares of the company’s stock, valued at $1,160,325. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.

ServisFirst Bancshares, Inc. (NASDAQ SFBS) traded down 0.28% during trading on Thursday, reaching $39.52. 26,478 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $36.11 and its 200-day moving average is $36.16. The company has a market cap of $2.09 billion, a P/E ratio of 23.95 and a beta of 1.44. ServisFirst Bancshares, Inc. has a 12-month low of $25.00 and a 12-month high of $42.66.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $60.37 million for the quarter, compared to analysts’ expectations of $60.33 million. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. Analysts predict that ServisFirst Bancshares, Inc. will post $1.80 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, September 29th. ServisFirst Bancshares’s payout ratio is currently 12.05%.

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SFBS has been the topic of a number of analyst reports. BidaskClub lowered shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Stephens reissued a “hold” rating and issued a $38.00 price target on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.67.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.

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

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