Victory Capital Management Inc. acquires 74,626 shares of ServisFirst Bancshares, Inc. (NASDAQ: SFBS)

Victory Capital Management Inc. increased its holdings in ServisFirst Bancshares, Inc. (NASDAQ: SFBS – Get Rating) by 91.9% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The company owned 155,799 shares of the financial services provider after acquiring an additional 74,626 shares during the period. Victory Capital Management Inc. held 0.29% of ServisFirst Banc shares worth $12,514,000 when it last filed with the Securities and Exchange Commission.

A number of other large investors have also increased or reduced their stakes in the company. River Oaks Capital LLC purchased a new stake in ServisFirst Bancshares in Q4 for $4,723,000. Kayne Anderson Rudnick Investment Management LLC increased its position in ServisFirst Bancshares by 22.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,484,020 shares of the financial services provider worth $210,992,000 after purchasing an additional 460,493 shares during the period. Geode Capital Management LLC increased its position in ServisFirst Bancshares by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 840,679 shares of the financial services provider worth $71,407,000 after purchasing an additional 14,494 shares during the period. Charles Schwab Investment Management Inc. increased its position in ServisFirst Bancshares by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 389,773 shares of the financial services provider worth $33,107,000 after purchasing an additional 17,879 shares during the period. Finally, American Century Companies Inc. increased its position in ServisFirst Bancshares by 0.8% during the 4th quarter. American Century Companies Inc. now owns 122,843 shares of the financial services provider worth $10,434,000 after purchasing an additional 970 shares during the period. Institutional investors hold 62.48% of the company’s shares.

Insider Activity at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Irma Loya Tuder acquired 2,000 shares of ServisFirst Bancshares in a transaction that took place on Friday June 10th. The shares were acquired at an average cost of $76.60 per share, with a total value of $153,200.00. Following the completion of the purchase, the director now directly owns 42,215 shares of the company, valued at approximately $3,233,669. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other ServisFirst Bancshares news, Director Irma Loya Tuder acquired 2,000 shares of ServisFirst Bancshares in a transaction that took place on Friday June 10th. The shares were acquired at an average cost of $76.60 per share, with a total value of $153,200.00. Following the completion of the purchase, the director now directly owns 42,215 shares of the company, valued at approximately $3,233,669. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO Thomas A. Broughton acquired 1,000 shares of ServisFirst Bancshares in a transaction that took place on Friday, June 10. The shares were acquired at an average cost of $76.23 per share, for a total transaction of $76,230.00. Following the completion of the purchase, the CEO now directly owns 251,530 shares of the company, valued at $19,174,131.90. Disclosure of this purchase can be found here. 8.31% of the shares are currently held by insiders.

Analysts set new price targets

Separately, DA Davidson lowered its price target on ServisFirst Bancshares from $97.00 to $94.00 in a Tuesday, April 19 research report.

Performance of the ServisFirst Bancshares share

SFBS opened at $86.98 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 20.96 and a beta of 1.03. ServisFirst Bancshares, Inc. has a 52-week low of $69.52 and a 52-week high of $97.25. The company has a debt ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day moving average is $80.38 and its 200-day moving average is $83.66.

ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its results on Monday, July 18. The financial services provider reported earnings per share (EPS) of $1.14 for the quarter, beating the consensus estimate of $1.13 by $0.01. ServisFirst Bancshares achieved a return on equity of 19.30% and a net margin of 46.52%. During the same quarter last year, the company posted EPS of $0.92. Sell-side analysts expect ServisFirst Bancshares, Inc. to post EPS of 4.63 for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8. Investors of record on Friday July 1 received a dividend of $0.23. This represents an annualized dividend of $0.92 and a yield of 1.06%. The ex-dividend date was Thursday, June 30. ServisFirst Bancshares’ dividend payout ratio (DPR) is currently 22.17%.

Profile of ServisFirst Bancshares

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ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. 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 loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, 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, deposit-backed loans, and secured and unsecured personal loans.

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