Jane Street Group LLC Acquires 24,954 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Jane Street Group LLC boosted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 48.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,113 shares of the financial services provider's stock after acquiring an additional 24,954 shares during the quarter. Jane Street Group LLC owned about 0.14% of ServisFirst Bancshares worth $6,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of ServisFirst Bancshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider's stock worth $77,775,000 after acquiring an additional 36,302 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of ServisFirst Bancshares by 42.2% in the second quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider's stock worth $9,898,000 after buying an additional 46,469 shares during the period. Savant Capital LLC increased its position in shares of ServisFirst Bancshares by 286.8% in the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider's stock worth $4,048,000 after acquiring an additional 47,502 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter valued at approximately $408,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at approximately $4,453,000. 67.31% of the stock is currently owned by institutional investors.

Insider Activity at ServisFirst Bancshares

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares of the company's stock, valued at approximately $724,285.20. This represents a 10.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the transaction, the chief operating officer now owns 307,837 shares in the company, valued at $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Hovde Group boosted their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Piper Sandler lifted their target price on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of ServisFirst Bancshares from a "hold" rating to a "sell" rating in a research report on Sunday, November 24th.

ServisFirst Bancshares Stock Up 1.5 %

Shares of NYSE SFBS traded up $1.36 during mid-day trading on Monday, reaching $94.36. The company had a trading volume of 182,494 shares, compared to its average volume of 203,231. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a twelve month low of $58.05 and a twelve month high of $101.37. The stock's 50 day moving average is $90.11 and its 200-day moving average is $78.57. The stock has a market capitalization of $5.15 billion, a PE ratio of 25.24 and a beta of 0.88.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. The company had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period in the prior year, the firm posted $0.98 EPS. As a group, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

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.