Barclays PLC Decreases Stock Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Barclays PLC trimmed its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,535 shares of the financial services provider’s stock after selling 4,943 shares during the quarter. Barclays PLC’s holdings in ServisFirst Bancshares were worth $1,643,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in shares of ServisFirst Bancshares by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 74,136 shares of the financial services provider’s stock worth $2,458,000 after buying an additional 886 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in ServisFirst Bancshares during the third quarter valued at approximately $484,000. First Trust Advisors LP lifted its position in ServisFirst Bancshares by 27.4% during the third quarter. First Trust Advisors LP now owns 64,423 shares of the financial services provider’s stock valued at $2,136,000 after acquiring an additional 13,836 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in ServisFirst Bancshares by 3.4% in the third quarter. Russell Investments Group Ltd. now owns 36,849 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 1,215 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in ServisFirst Bancshares by 52.5% in the third quarter. California Public Employees Retirement System now owns 111,827 shares of the financial services provider’s stock valued at $3,707,000 after acquiring an additional 38,475 shares in the last quarter. Institutional investors and hedge funds own 47.98% of the company’s stock.

Shares of NASDAQ SFBS opened at $36.98 on Friday. ServisFirst Bancshares, Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.39. The company has a market cap of $1.95 billion, a PE ratio of 14.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day simple moving average of $35.83 and a two-hundred day simple moving average of $33.29.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $79.22 million for the quarter, compared to the consensus estimate of $78.90 million. ServisFirst Bancshares had a net margin of 35.64% and a return on equity of 18.78%. On average, sell-side analysts predict that ServisFirst Bancshares, Inc. will post 2.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, January 2nd will be paid a $0.175 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 1.89%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 23.72%.

In other news, CEO W Bibb Lamar, Jr. sold 11,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $34.65, for a total transaction of $381,150.00. Following the completion of the sale, the chief executive officer now directly owns 58,648 shares in the company, valued at $2,032,153.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William M. Foshee sold 2,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $34.63, for a total transaction of $69,260.00. Following the sale, the chief financial officer now owns 327,330 shares of the company’s stock, valued at $11,335,437.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,000 shares of company stock worth $959,510. 13.56% of the stock is owned by insiders.

SFBS has been the topic of a number of recent analyst reports. Zacks Investment Research raised ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, October 30th. ValuEngine upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, DA Davidson started coverage on ServisFirst Bancshares in a research note on Wednesday, October 9th. They set a “neutral” rating and a $35.00 target price on the stock.

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, or acquisition of property, 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.

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

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