Proficio Capital Partners LLC Takes $1.86 Million Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Proficio Capital Partners LLC acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,928 shares of the financial services provider's stock, valued at approximately $1,858,000.

A number of other hedge funds also recently made changes to their positions in SFBS. Point72 DIFC Ltd purchased a new position in ServisFirst Bancshares in the third quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at approximately $69,000. KBC Group NV raised its position in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 800 shares in the last quarter. LMR Partners LLP purchased a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at approximately $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the transaction, the director now directly owns 17,436 shares of the company's stock, valued at $1,546,224.48. The trade was a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.40% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on SFBS shares. StockNews.com raised shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler upped their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock traded down $2.78 on Monday, hitting $82.61. 296,507 shares of the stock traded hands, compared to its average volume of 204,990. The company has a market capitalization of $4.51 billion, a PE ratio of 19.86 and a beta of 0.91. The company's fifty day moving average is $88.13 and its 200 day moving average is $86.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter in the previous year, the business earned $0.91 EPS. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.62%. This is a positive change from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's payout ratio is currently 32.21%.

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.