The Mason Street Advisors LLC Purchases 4,253 Shares of ServisFirst Bancshares Inc. (SFBS)

The Mason Street Advisors LLC Purchases 4,253  Shares of ServisFirst Bancshares Inc. (SFBS)

Mason Street Advisors LLC acquired a new position in ServisFirst Bancshares Inc. (NASDAQ:SFBS) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,253 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of ServisFirst Bancshares by 958.0% in the first quarter. Goldman Sachs Group Inc. now owns 158,996 shares of the financial services provider’s stock valued at $7,059,000 after buying an additional 143,968 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of ServisFirst Bancshares by 58.5% in the first quarter. Renaissance Technologies LLC now owns 34,400 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 12,700 shares in the last quarter. Kinsight LLC bought a new stake in shares of ServisFirst Bancshares during the second quarter valued at about $540,000. Teachers Advisors Inc. increased its stake in shares of ServisFirst Bancshares by 8.0% in the first quarter. Teachers Advisors Inc. now owns 34,080 shares of the financial services provider’s stock valued at $1,513,000 after buying an additional 2,514 shares in the last quarter. Finally, Hancock Holding Co. increased its stake in shares of ServisFirst Bancshares by 1.0% in the first quarter. Hancock Holding Co. now owns 200,095 shares of the financial services provider’s stock valued at $8,884,000 after buying an additional 1,940 shares in the last quarter. Institutional investors and hedge funds own 34.03% of the company’s stock.

Shares of ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.56 on Wednesday. The stock’s 50 day moving average price is $51.91 and its 200 day moving average price is $50.02. The firm has a market capitalization of $1.38 billion, a P/E ratio of 18.71 and a beta of 1.19. ServisFirst Bancshares Inc. has a 52 week low of $34.12 and a 52 week high of $53.58.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, analysts predict that ServisFirst Bancshares Inc. will post $2.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, September 30th. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 11.76%.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Raymond James Financial Inc. upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, August 25th.

In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 4,259 shares of ServisFirst Bancshares stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $52.46, for a total transaction of $223,427.14. Following the completion of the sale, the executive vice president now owns 127,597 shares of the company’s stock, valued at approximately $6,693,738.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rex D. Mckinney sold 48,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $50.32, for a total transaction of $2,415,360.00. Following the sale, the executive vice president now directly owns 28,000 shares of the company’s stock, valued at approximately $1,408,960. The disclosure for this sale can be found here. Company insiders own 14.28% of the company’s stock.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.

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