ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBSFree Report) by 58.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,470 shares of the financial services provider’s stock after purchasing an additional 17,834 shares during the quarter. Rafferty Asset Management LLC owned 0.09% of ServisFirst Bancshares worth $3,230,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Coldstream Capital Management Inc. purchased a new position in ServisFirst Bancshares in the 4th quarter worth approximately $210,000. Norges Bank purchased a new position in ServisFirst Bancshares in the 4th quarter worth approximately $36,103,000. Quadrant Capital Group LLC boosted its holdings in ServisFirst Bancshares by 54.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 830 shares during the period. Dimensional Fund Advisors LP boosted its holdings in ServisFirst Bancshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,136,579 shares of the financial services provider’s stock worth $75,736,000 after acquiring an additional 47,457 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ServisFirst Bancshares by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 403,032 shares of the financial services provider’s stock worth $26,854,000 after acquiring an additional 14,739 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 1.5 %

NASDAQ SFBS opened at $59.97 on Friday. The stock has a market cap of $3.27 billion, a PE ratio of 15.98 and a beta of 0.90. ServisFirst Bancshares, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $70.84. The business has a 50 day moving average price of $62.22 and a two-hundred day moving average price of $62.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NASDAQ:SFBSGet Free Report) last released its earnings results on Monday, April 22nd. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $111.31 million during the quarter, compared to analysts’ expectations of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. As a group, sell-side analysts predict that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.88%.

About ServisFirst Bancshares

(Free Report)

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and 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.

Further Reading

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

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