Jacobs Asset Management LLC Has $8.93 Million Holdings in ServisFirst Bancshares, Inc. (SFBS)

Jacobs Asset Management LLC grew its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,794 shares of the financial services provider’s stock after acquiring an additional 13,500 shares during the period. ServisFirst Bancshares comprises about 1.7% of Jacobs Asset Management LLC’s holdings, making the stock its 26th biggest position. Jacobs Asset Management LLC owned about 0.43% of ServisFirst Bancshares worth $8,927,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of ServisFirst Bancshares by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,833 shares of the financial services provider’s stock valued at $45,409,000 after acquiring an additional 114,126 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of ServisFirst Bancshares by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 209,993 shares of the financial services provider’s stock valued at $8,159,000 after acquiring an additional 10,585 shares during the period. Legal & General Group Plc raised its position in shares of ServisFirst Bancshares by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 90,703 shares of the financial services provider’s stock worth $3,525,000 after purchasing an additional 5,808 shares during the last quarter. American International Group Inc. raised its position in shares of ServisFirst Bancshares by 6.0% during the 3rd quarter. American International Group Inc. now owns 36,488 shares of the financial services provider’s stock worth $1,418,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of ServisFirst Bancshares by 3.9% during the 3rd quarter. Macquarie Group Ltd. now owns 40,503 shares of the financial services provider’s stock worth $1,574,000 after purchasing an additional 1,505 shares during the last quarter. Institutional investors own 43.22% of the company’s stock.

Shares of ServisFirst Bancshares, Inc. (NASDAQ SFBS) opened at $41.02 on Thursday. ServisFirst Bancshares, Inc. has a 12 month low of $32.54 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $2,181.16, a PE ratio of 23.66 and a beta of 1.41.

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

Separately, Zacks Investment Research cut shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st.

In other ServisFirst Bancshares news, EVP G. Carlton Barker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.25, for a total value of $422,500.00. Following the completion of the transaction, the executive vice president now owns 126,462 shares in the company, valued at approximately $5,343,019.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James J. Filler bought 3,546 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $32.79 per share, with a total value of $116,273.34. Following the transaction, the director now owns 1,313,152 shares in the company, valued at approximately $43,058,254.08. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 64,750 shares of company stock valued at $2,626,465. 14.04% of the stock is owned by insiders.

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ServisFirst Bancshares Company 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.

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

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