River Oaks Capital LLC cut its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,800 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. ServisFirst Bancshares makes up approximately 4.4% of River Oaks Capital LLC’s holdings, making the stock its 6th largest holding. River Oaks Capital LLC owned about 0.09% of ServisFirst Bancshares worth $3,984,000 at the end of the most recent quarter.
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Several other large investors also recently modified their holdings of SFBS. Ronald Blue Trust Inc. bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $3,352,000. Stonegate Investment Group LLC boosted its position in ServisFirst Bancshares by 55.7% during the 2nd quarter. Stonegate Investment Group LLC now owns 62,459 shares of the financial services provider’s stock valued at $4,929,000 after acquiring an additional 22,349 shares in the last quarter. WINTON GROUP Ltd boosted its position in ServisFirst Bancshares by 18.1% during the 2nd quarter. WINTON GROUP Ltd now owns 3,523 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 539 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at approximately $1,162,000. Finally, Russell Investments Group Ltd. boosted its position in ServisFirst Bancshares by 18.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 14,663 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 2,267 shares in the last quarter. 63.25% of the stock is owned by institutional investors.
ServisFirst Bancshares Stock Down 0.3 %
Shares of SFBS traded down $0.18 during mid-day trading on Monday, reaching $71.59. The company had a trading volume of 6,850 shares, compared to its average volume of 138,032. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average price of $71.55 and a 200 day moving average price of $78.45. ServisFirst Bancshares, Inc. has a 52 week low of $63.53 and a 52 week high of $97.25. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 16.58 and a beta of 0.92.
ServisFirst Bancshares Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, January 3rd were given a $0.28 dividend. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.23. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, December 30th. ServisFirst Bancshares’s payout ratio is currently 25.69%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th.
ServisFirst Bancshares 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, such as 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.
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