ServisFirst Bancshares, Inc. (SFBS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 10.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,168,833 shares of the financial services provider’s stock after buying an additional 114,126 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ServisFirst Bancshares were worth $45,409,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SFBS. Schwab Charles Investment Management Inc. raised its holdings in ServisFirst Bancshares by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 199,408 shares of the financial services provider’s stock worth $7,357,000 after purchasing an additional 1,723 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in ServisFirst Bancshares by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 742,998 shares of the financial services provider’s stock worth $27,409,000 after purchasing an additional 16,994 shares during the last quarter. Legal & General Group Plc raised its holdings in ServisFirst Bancshares by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 84,895 shares of the financial services provider’s stock worth $3,131,000 after purchasing an additional 7,066 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in ServisFirst Bancshares by 54.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,275 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 5,018 shares during the last quarter. Finally, Victory Capital Management Inc. raised 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 purchasing an additional 633 shares during the last quarter. 43.15% of the stock is owned by hedge funds and other institutional investors.

Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) opened at $41.47 on Monday. The firm has a market capitalization of $2,197.04, a PE ratio of 23.83 and a beta of 1.41. ServisFirst Bancshares, Inc. has a twelve month low of $32.54 and a twelve month high of $44.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be paid a $0.05 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.49%.

Several analysts have weighed in on SFBS shares. Zacks Investment Research cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. BidaskClub cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th.

In other news, EVP G. Carlton Barker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total value of $422,500.00. Following the completion of the sale, the executive vice president now directly owns 126,462 shares of the company’s stock, valued at approximately $5,343,019.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William M. Foshee sold 18,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $40.70, for a total value of $732,600.00. Following the completion of the sale, the chief financial officer now directly owns 289,502 shares of the company’s stock, valued at $11,782,731.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,000 shares of company stock valued at $2,497,540. 14.04% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2018/01/08/servisfirst-bancshares-inc-sfbs-shares-bought-by-dimensional-fund-advisors-lp.html.

About ServisFirst Bancshares

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.

Want to see what other hedge funds are holding SFBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServisFirst Bancshares, Inc. (NASDAQ:SFBS).

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

Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit