Proficio Capital Partners LLC acquired a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,928 shares of the financial services provider's stock, valued at approximately $1,858,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in ServisFirst Bancshares during the third quarter worth approximately $32,000. R Squared Ltd acquired a new position in ServisFirst Bancshares during the fourth quarter worth approximately $69,000. Smartleaf Asset Management LLC increased its position in ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after purchasing an additional 747 shares during the last quarter. KBC Group NV increased its position in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after purchasing an additional 800 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in ServisFirst Bancshares during the third quarter worth approximately $203,000. Hedge funds and other institutional investors own 67.31% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on SFBS shares. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th.
View Our Latest Analysis on SFBS
Insider Activity at ServisFirst Bancshares
In related news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.40% of the company's stock.
ServisFirst Bancshares Trading Down 0.3 %
Shares of ServisFirst Bancshares stock traded down $0.24 during trading hours on Friday, hitting $81.76. The company's stock had a trading volume of 493,506 shares, compared to its average volume of 206,322. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The business has a fifty day moving average of $87.76 and a 200 day moving average of $86.97. The company has a market capitalization of $4.46 billion, a PE ratio of 19.65 and a beta of 0.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.91 earnings per share. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.
ServisFirst Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 32.21%.
About ServisFirst Bancshares
(
Free Report)
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.
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