Hikari Power LTD Raised National Oilwell Varco (NOV) Holding by $1.41 Million; Share Value Declined; Jacobs Asset Management Has Raised Position in Servisfirst Bancshares (SFBS)

February 15, 2018 - By Darrin Black

Hikari Power Ltd increased its stake in National Oilwell Varco Inc (NOV) by 13.77% based on its latest 2017Q3 regulatory filing with the SEC. Hikari Power Ltd bought 40,400 shares as the company’s stock declined 11.45% while stock markets rallied. The institutional investor held 333,800 shares of the energy company at the end of 2017Q3, valued at $11.93 million, up from 293,400 at the end of the previous reported quarter. Hikari Power Ltd who had been investing in National Oilwell Varco Inc for a number of months, seems to be bullish on the $13.15 billion market cap company. The stock decreased 1.54% or $0.54 during the last trading session, reaching $34.6. About 1.14M shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since February 15, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Jacobs Asset Management Llc increased its stake in Servisfirst Bancshares Inc (SFBS) by 6.24% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Asset Management Llc bought 13,500 shares as the company’s stock declined 16.77% while stock markets rallied. The institutional investor held 229,794 shares of the finance company at the end of 2017Q3, valued at $8.93M, up from 216,294 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in Servisfirst Bancshares Inc for a number of months, seems to be bullish on the $2.19B market cap company. The stock increased 0.59% or $0.24 during the last trading session, reaching $41.24. About 17,144 shares traded. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 42.22% since February 15, 2017 and is uptrending. It has outperformed by 25.52% the S&P500.

Jacobs Asset Management Llc, which manages about $1.11 billion and $524.24 million US Long portfolio, decreased its stake in Chemical Finl Corp (NASDAQ:CHFC) by 8,516 shares to 71,037 shares, valued at $3.71M in 2017Q3, according to the filing. It also reduced its holding in Granite Pt Mtg Tr Inc by 636,953 shares in the quarter, leaving it with 89,187 shares, and cut its stake in Comerica Inc (NYSE:CMA).

Among 4 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. ServisFirst Bancshares had 12 analyst reports since August 25, 2015 according to SRatingsIntel. Hovde Group maintained the shares of SFBS in report on Tuesday, January 31 with “Underperform” rating. The firm earned “Hold” rating on Wednesday, July 19 by Stephens. The firm earned “Outperform” rating on Tuesday, August 25 by Raymond James. The rating was maintained by Hovde Group on Tuesday, October 18 with “Market Perform”. Hovde Group maintained it with “Hold” rating and $44.0 target in Tuesday, January 23 report. Sandler O’Neill maintained the stock with “Hold” rating in Tuesday, January 23 report. The firm has “Underperform” rating given on Friday, November 18 by Hovde Group. On Tuesday, October 18 the stock rating was downgraded by Raymond James to “Market Perform”. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has “Market Perform” rating given on Tuesday, October 13 by Hovde Group. The rating was downgraded by Sandler O’Neill to “Hold” on Thursday, October 1.

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