GSA Capital Partners LLP Has $1.38 Million Position in ServisFirst Bancshares, Inc. (SFBS)

GSA Capital Partners LLP lifted its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,423 shares of the financial services provider’s stock after purchasing an additional 2,489 shares during the period. GSA Capital Partners LLP owned about 0.07% of ServisFirst Bancshares worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in ServisFirst Bancshares by 10.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,168,833 shares of the financial services provider’s stock worth $45,409,000 after acquiring an additional 114,126 shares during the period. Westwood Holdings Group Inc. raised its position in ServisFirst Bancshares by 43.4% during the second quarter. Westwood Holdings Group Inc. now owns 326,609 shares of the financial services provider’s stock worth $12,049,000 after acquiring an additional 98,776 shares during the period. Vanguard Group Inc. raised its position in ServisFirst Bancshares by 1.9% during the second quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock worth $149,467,000 after acquiring an additional 75,782 shares during the period. Wells Fargo & Company MN raised its position in ServisFirst Bancshares by 169.8% during the second quarter. Wells Fargo & Company MN now owns 95,600 shares of the financial services provider’s stock worth $3,527,000 after acquiring an additional 60,170 shares during the period. Finally, State Street Corp raised its position in ServisFirst Bancshares by 3.0% during the second quarter. State Street Corp now owns 1,473,750 shares of the financial services provider’s stock worth $54,367,000 after acquiring an additional 42,757 shares during the period. Hedge funds and other institutional investors own 43.15% of the company’s stock.

In other news, EVP G. Carlton Barker sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $42.25, for a total transaction of $422,500.00. Following the completion of the sale, the executive vice president now owns 126,462 shares of the company’s stock, valued at $5,343,019.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William M. Foshee sold 18,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $40.70, for a total transaction of $732,600.00. Following the sale, the chief financial officer now directly owns 289,502 shares of the company’s stock, valued at approximately $11,782,731.40. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock valued at $2,497,540 in the last ninety days. Insiders own 14.04% of the company’s stock.

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

Shares of ServisFirst Bancshares, Inc. (NASDAQ SFBS) opened at $41.48 on Thursday. ServisFirst Bancshares, Inc. has a 1-year low of $32.54 and a 1-year high of $44.00. The stock has a market cap of $2,206.59, a price-to-earnings ratio of 23.94 and a beta of 1.41. 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 released its earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $63.19 million during the quarter, compared to analyst estimates of $64.08 million. equities research analysts forecast that ServisFirst Bancshares, Inc. will post 1.82 EPS for the current fiscal year.

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

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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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