Spire Wealth Management acquired a new position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 923 shares of the financial services provider’s stock, valued at approximately $88,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Maryland State Pension & Retirement System boosted its position in ServisFirst Bancshares by 0.6% in the first quarter. Maryland State Retirement & Pension System now owns 19,571 shares of the financial services provider’s stock valued at $1,865,000 after purchasing an additional 120 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in ServisFirst Bancshares by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,666 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 161 shares in the last quarter. Advisor Group Holdings Inc. increased its position in ServisFirst Bancshares by 29.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,169 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 267 shares in the last quarter. Brinker Capital Investments LLC boosted its position in ServisFirst Bancshares by 5.2% during the 4th quarter. Brinker Capital Investments LLC now owns 7,932 shares of the financial services provider’s stock valued at $674,000 after buying an additional 395 shares in the last quarter. Finally, 55I LLC boosted its position in ServisFirst Bancshares by 7.7% during the 4th quarter. 55I LLC now owns 6,660 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 475 shares during the last quarter. 62.48% of the shares are currently owned by institutional investors.
In other news, CEO Thomas A. Broughton purchased 1,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were acquired at an average price of $76.23 per share, for a total value of $76,230.00. Following the purchase, the chief executive officer now directly owns 251,530 shares of the company’s stock, valued at approximately $19,174,131.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Irma Loya Tuder purchased 2,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were purchased at an average price of $76.60 per share, with a total value of $153,200.00. Following the purchase, the director now directly owns 42,215 shares in the company, valued at $3,233,669. Disclosure of this purchase can be found here. Insiders own 8.31% of the company’s stock.
A number of equities analysts recently weighed in on SFBS shares. StockNews.com began coverage on shares of ServisFirst Bancshares in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. DA Davidson reduced their price objective on shares of ServisFirst Bancshares from $97.00 to $94.00 in a research report on Tuesday, April 19th.
Shares of ServisFirst Bancshares stock opened at $80.98 on Thursday. ServisFirst Bancshares, Inc. has a one year low of $63.28 and a one year high of $97.25. The company has a debt-to-equity ratio of 0.06, a quick earnings ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $79.56 and a two hundred day moving average of $84.39. The company has a market cap of $4.40 billion, a P/E ratio of 20.61 and a beta of 1.03.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating ) last posted its earnings results on Monday, April 18. The financial services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). ServisFirst Bancshares had a net margin of 46.29% and a return on equity of 18.82%. The business had revenue of $113.67 million during the quarter, compared to analyst estimates of $110.86 million. During the same period last year, the business reported $0.95 EPS. Sell-side analysts predict that ServisFirst Bancshares, Inc. will post 4.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annual dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 30th. ServisFirst Bancshares’ dividend payout ratio (DPR) is currently 23.41%.
ServisFirst Bancshares Profile (Get Rating)
ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank, which provides a variety of banking services to individual and corporate customers. Accepts open-ended, term, savings and other deposits; checking accounts, money market accounts, and IRAs; and certificates of deposit. The company’s loan products include commercial lending products such as seasonal, bridge and term loans for working capital, business expansion, property and plant and equipment acquisitions, and trade lines of credit; commercial real estate loans, construction and development loans and residential real estate loans; and consumer loans, such as home loans, vehicle finance, loans secured by deposits, and secured and unsecured personal loans.
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