Fifth Third Wealth Advisors LLC Invests $738,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Fifth Third Wealth Advisors LLC acquired a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,713 shares of the financial services provider's stock, valued at approximately $738,000.

Other hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in ServisFirst Bancshares during the 3rd quarter valued at about $32,000. GAMMA Investing LLC boosted its holdings in shares of ServisFirst Bancshares by 138.6% during the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider's stock worth $74,000 after purchasing an additional 535 shares during the last quarter. Quest Partners LLC grew its position in shares of ServisFirst Bancshares by 4,880.0% in the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 976 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $84,000. Finally, LMR Partners LLP acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at approximately $203,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

SFBS has been the subject of several analyst reports. Piper Sandler upped their target price on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Hovde Group upped their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th.

Insider Activity at ServisFirst Bancshares

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the transaction, the senior vice president now directly owns 8,501 shares in the company, valued at $724,285.20. This trade represents a 10.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.40% of the stock is owned by insiders.

ServisFirst Bancshares Trading Up 2.1 %

SFBS stock traded up $1.80 during midday trading on Friday, hitting $89.01. 276,180 shares of the company's stock were exchanged, compared to its average volume of 223,789. ServisFirst Bancshares, Inc. has a 1-year low of $58.05 and a 1-year high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.86 billion, a PE ratio of 23.80 and a beta of 0.91. The business has a 50-day simple moving average of $90.81 and a two-hundred day simple moving average of $82.60.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The firm had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the firm earned $0.98 EPS. On average, sell-side analysts predict that ServisFirst Bancshares, Inc. will post 4.09 EPS 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 dividend yield of 1.51%. This is a boost from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 35.83%.

ServisFirst Bancshares Company Profile

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.