Linscomb & Williams Inc. Purchases Shares of 27,874 ServisFirst Bancshares, Inc. (SFBS)

Linscomb & Williams Inc. purchased a new position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,874 shares of the financial services provider’s stock, valued at approximately $1,083,000. Linscomb & Williams Inc. owned 0.05% of ServisFirst Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in shares of ServisFirst Bancshares by 135.2% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 2,163 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of ServisFirst Bancshares by 124.2% during the second quarter. Flinton Capital Management LLC now owns 4,144 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,296 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of ServisFirst Bancshares by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 633 shares during the period. Amalgamated Bank lifted its holdings in shares of ServisFirst Bancshares by 5.1% during the second quarter. Amalgamated Bank now owns 6,382 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 309 shares during the period. Finally, Profund Advisors LLC lifted its holdings in shares of ServisFirst Bancshares by 9.1% during the second quarter. Profund Advisors LLC now owns 8,634 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 720 shares during the period. Institutional investors own 42.54% of the company’s stock.

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In other ServisFirst Bancshares news, CEO Rex D. Mckinney sold 33,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $40.68, for a total transaction of $1,342,440.00. Following the completion of the sale, the chief executive officer now owns 37,340 shares of the company’s stock, valued at approximately $1,518,991.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradford Alan Vieira sold 3,750 shares of the 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 sale, the executive vice president now directly owns 33,750 shares of the company’s stock, valued at approximately $1,160,325. The disclosure for this sale can be found here. Insiders have sold a total of 129,750 shares of company stock valued at $4,720,215 in the last three months. 14.04% of the stock is currently owned by corporate insiders.

Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) traded up 1.172% during trading on Tuesday, reaching $40.995. 39,393 shares of the company were exchanged. The stock has a 50-day moving average price of $38.49 and a 200-day moving average price of $36.70. The stock has a market capitalization of $2.17 billion, a PE ratio of 24.845 and a beta of 1.43. ServisFirst Bancshares, Inc. has a one year low of $26.33 and a one year high of $42.66.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $63.19 million during the quarter, compared to analysts’ expectations of $64.08 million. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. Analysts forecast that ServisFirst Bancshares, Inc. will post $1.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.20 annualized dividend and a yield of 0.49%. ServisFirst Bancshares’s payout ratio is currently 11.49%.

A number of equities analysts have recently commented on the stock. Stephens reiterated a “hold” rating and set a $38.00 price target on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th.

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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