Texas Permanent School Fund Corp raised its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS – Free Report) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,131 shares of the financial services provider’s stock after acquiring an additional 254 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of ServisFirst Bancshares worth $2,725,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Quest Partners LLC increased its position in shares of ServisFirst Bancshares by 4,880.0% during the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 976 shares in the last quarter. Savant Capital LLC grew its holdings in shares of ServisFirst Bancshares by 286.8% during the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock worth $4,048,000 after buying an additional 47,502 shares in the last quarter. Arizona State Retirement System raised its position in shares of ServisFirst Bancshares by 2.0% in the second quarter. Arizona State Retirement System now owns 14,495 shares of the financial services provider’s stock valued at $916,000 after buying an additional 283 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of ServisFirst Bancshares by 8.7% in the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock worth $210,000 after buying an additional 267 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in ServisFirst Bancshares by 4.9% during the second quarter. Principal Financial Group Inc. now owns 929,469 shares of the financial services provider’s stock worth $58,733,000 after acquiring an additional 43,125 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
ServisFirst Bancshares Trading Up 2.4 %
Shares of SFBS opened at $80.24 on Tuesday. ServisFirst Bancshares, Inc. has a 12-month low of $45.21 and a 12-month high of $83.61. The firm has a market capitalization of $4.37 billion, a P/E ratio of 21.98 and a beta of 0.87. The firm has a 50-day moving average price of $76.55 and a 200 day moving average price of $67.25. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.
Analyst Upgrades and Downgrades
SFBS has been the subject of a number of recent research reports. Hovde Group increased their price objective on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, July 16th. Piper Sandler increased their price target on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th.
View Our Latest Stock Analysis on SFBS
About ServisFirst Bancshares
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.
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