Handelsinvest Investeringsforvaltning Sells 2,080 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Handelsinvest Investeringsforvaltning lowered its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 34.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,006 shares of the financial services provider’s stock after selling 2,080 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in ServisFirst Bancshares were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in ServisFirst Bancshares by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,478,138 shares of the financial services provider’s stock worth $365,008,000 after acquiring an additional 47,885 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $75,736,000 after buying an additional 47,457 shares during the last quarter. Wasatch Advisors LP grew its position in shares of ServisFirst Bancshares by 5.1% in the 4th quarter. Wasatch Advisors LP now owns 837,189 shares of the financial services provider’s stock valued at $55,782,000 after buying an additional 40,866 shares during the last quarter. Northern Trust Corp grew its position in shares of ServisFirst Bancshares by 0.3% in the 3rd quarter. Northern Trust Corp now owns 607,774 shares of the financial services provider’s stock valued at $31,708,000 after buying an additional 1,788 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at about $36,103,000. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Down 1.1 %

Shares of NYSE SFBS traded down $0.69 during trading on Wednesday, reaching $62.12. The company had a trading volume of 7,829 shares, compared to its average volume of 177,957. The company’s fifty day moving average price is $61.80 and its 200-day moving average price is $63.06. ServisFirst Bancshares, Inc. has a 12 month low of $39.27 and a 12 month high of $70.84. The stock has a market cap of $3.39 billion, a P/E ratio of 17.22 and a beta of 0.89. 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 (NYSE:SFBS) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $111.31 million for the quarter, compared to the consensus estimate of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. As a group, research analysts expect that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, July 1st. ServisFirst Bancshares’s dividend payout ratio is 32.88%.

ServisFirst Bancshares Company Profile

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.