ServisFirst Bancshares, Inc. (SFBS) Stake Lowered by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,096 shares of the financial services provider’s stock after selling 598 shares during the quarter. Royal Bank of Canada’s holdings in ServisFirst Bancshares were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in ServisFirst Bancshares by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 940,852 shares of the financial services provider’s stock worth $34,228,000 after purchasing an additional 140,253 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ServisFirst Bancshares by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,051,680 shares of the financial services provider’s stock worth $149,467,000 after purchasing an additional 75,782 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in ServisFirst Bancshares by 169.8% in the second quarter. Wells Fargo & Company MN now owns 95,600 shares of the financial services provider’s stock worth $3,527,000 after purchasing an additional 60,170 shares during the last quarter. Welch Group LLC boosted its holdings in ServisFirst Bancshares by 38.4% in the second quarter. Welch Group LLC now owns 207,771 shares of the financial services provider’s stock worth $7,665,000 after purchasing an additional 57,629 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in ServisFirst Bancshares by 101.2% in the first quarter. Bank of America Corp DE now owns 84,575 shares of the financial services provider’s stock worth $3,076,000 after purchasing an additional 42,539 shares during the last quarter. Hedge funds and other institutional investors own 42.63% of the company’s stock.

Shares of ServisFirst Bancshares, Inc. (SFBS) opened at $40.29 on Friday. ServisFirst Bancshares, Inc. has a fifty-two week low of $32.54 and a fifty-two week high of $42.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $2,134.52, a P/E ratio of 23.16 and a beta of 1.44.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $64.08 million. analysts expect that ServisFirst Bancshares, Inc. will post 1.82 EPS for the current fiscal year.

In other ServisFirst Bancshares news, CEO Rex D. Mckinney sold 33,000 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $40.68, for a total value of $1,342,440.00. Following the transaction, the chief executive officer now directly owns 37,340 shares in the company, valued at $1,518,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William M. Foshee sold 18,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 289,502 shares in the company, valued at $11,782,731.40. The disclosure for this sale can be found here. Insiders sold 54,750 shares of company stock worth $2,203,965 over the last quarter. Insiders own 14.04% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “sell” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, August 25th.

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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.

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

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