Hilton Capital Management Lowers stake in ServisFirst Bancshares (SFBS)

ServisFirst Bancshares (SFBS) : Hilton Capital Management reduced its stake in ServisFirst Bancshares by 25.42% during the most recent quarter end. The investment management company now holds a total of 7,920 shares of ServisFirst Bancshares which is valued at $408,672 after selling 2,700 shares in ServisFirst Bancshares , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.ServisFirst Bancshares makes up approximately 0.13% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in SFBS during the most recent quarter. The investment firm sold 116,162 shares of SFBS which is valued $5,993,959. Huntington National Bank added SFBS to its portfolio by purchasing 2,435 company shares during the most recent quarter which is valued at $125,646.Meeder Asset Management Inc reduced its stake in SFBS by selling 6,200 shares or 95.38% in the most recent quarter. The Hedge Fund company now holds 300 shares of SFBS which is valued at $15,477.Shinko Asset Management Ltd. reduced its stake in SFBS by selling 12,802 shares or 14.02% in the most recent quarter. The Hedge Fund company now holds 78,509 shares of SFBS which is valued at $4,050,279. ServisFirst Bancshares makes up approx 0.03% of Shinko Asset Management Ltd.’s portfolio. Bnp Paribas Arbitrage Sa added SFBS to its portfolio by purchasing 7,002 company shares during the most recent quarter which is valued at $340,997.

ServisFirst Bancshares closed down -0.3 points or -0.59% at $50.63 with 60,488 shares getting traded on Friday. Post opening the session at $50.98, the shares hit an intraday low of $50.57 and an intraday high of $51.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

ServisFirst Bancshares Inc. is a bank holding company. The Company through its wholly owned subsidiary ServisFirst Bank (the Bank) operates 13 banking offices located in Jefferson Shelby Madison Montgomery Houston and Mobile Counties of Alabama and in Escambia County Florida in the metropolitan statistical areas (MSAs) of Birmingham-Hoover Huntsville Montgomery Dothan and Mobile Alabama and Pensacola-Ferry Pass-Brent Florida. Additionally it operates a loan production office in Davidson County of Tennessee in the Nashville MSA. 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 deliver treasury and cash management services and provides correspondent banking services to other financial institutions.

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