Warren Averett Asset Management buys $4,045,022 stake in ServisFirst Bancshares (SFBS)

ServisFirst Bancshares (SFBS) : Warren Averett Asset Management scooped up 25,454 additional shares in ServisFirst Bancshares during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 81,520 shares of ServisFirst Bancshares which is valued at $4,045,022.ServisFirst Bancshares makes up approximately 2.44% of Warren Averett Asset Management’s portfolio.

ServisFirst Bancshares opened for trading at $49 and hit $49.93 on the upside on Friday, eventually ending the session at $49.62, with a gain of 0.24% or 0.12 points. The heightened volatility saw the trading volume jump to 2,00,868 shares. Company has a market cap of $1,297 M.

Other Hedge Funds, Including , Leavell Investment Management boosted its stake in SFBS in the latest quarter, The investment management firm added 2,036 additional shares and now holds a total of 27,613 shares of ServisFirst Bancshares which is valued at $1,370,157. ServisFirst Bancshares makes up approx 0.20% of Leavell Investment Management’s portfolio.

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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