Amalgamated Bank Has $2.26 Million Stock Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Amalgamated Bank trimmed its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) by 4.9% during the first quarter, HoldingsChannel.com reports. The fund owned 23,713 shares of the financial services provider’s stock after selling 1,220 shares during the period. Amalgamated Bank’s holdings in ServisFirst Bancshares were worth $2,260,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of ServisFirst Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,231,794 shares of the financial services provider’s stock valued at $498,537,000 after acquiring an additional 40,095 shares during the period. State Street Corp raised its position in shares of ServisFirst Bancshares by 6.9% in the 1st quarter. State Street Corp now owns 1,901,000 shares of the financial services provider’s stock valued at $181,578,000 after acquiring an additional 121,916 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ServisFirst Bancshares by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,313,622 shares of the financial services provider’s stock valued at $125,175,000 after acquiring an additional 16,873 shares during the period. Geode Capital Management LLC raised its position in shares of ServisFirst Bancshares by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 840,679 shares of the financial services provider’s stock valued at $71,407,000 after acquiring an additional 14,494 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in ServisFirst Bancshares by 32.4% during the 1st quarter. JPMorgan Chase & Co. now owns 725,384 shares of the financial services provider’s stock worth $69,121,000 after buying an additional 177,656 shares during the period. 64.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO William M. Foshee sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $92.89, for a total transaction of $278,670.00. Following the completion of the transaction, the chief financial officer now directly owns 265,747 shares of the company’s stock, valued at approximately $24,685,238.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $81.78 on Friday. 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 company has a market capitalization of $4.44 billion, a P/E ratio of 19.71 and a beta of 1.01. The company’s 50 day moving average price is $85.66 and its two-hundred day moving average price is $83.98. ServisFirst Bancshares, Inc. has a 52 week low of $72.80 and a 52 week high of $97.25.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last announced its earnings results on Monday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $125.87 million for the quarter, compared to the consensus estimate of $120.00 million. ServisFirst Bancshares had a net margin of 46.52% and a return on equity of 19.30%. During the same period last year, the company posted $0.92 EPS. On average, analysts expect that ServisFirst Bancshares, Inc. will post 4.63 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, September 30th. This represents a $0.92 annualized dividend and a yield of 1.12%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 22.17%.

ServisFirst Bancshares Profile

(Get Rating)

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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