Everstar Asset Management LLC Invests $842,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Everstar Asset Management LLC bought a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,938 shares of the financial services provider's stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFBS. Vanguard Group Inc. raised its stake in ServisFirst Bancshares by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock worth $484,249,000 after buying an additional 25,956 shares in the last quarter. State Street Corp raised its position in shares of ServisFirst Bancshares by 2.6% in the 3rd quarter. State Street Corp now owns 2,377,138 shares of the financial services provider's stock worth $191,241,000 after acquiring an additional 60,683 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ServisFirst Bancshares by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock worth $93,126,000 after acquiring an additional 23,555 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of ServisFirst Bancshares by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after purchasing an additional 15,916 shares during the period. Finally, Stonegate Investment Group LLC boosted its position in shares of ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock valued at $80,280,000 after purchasing an additional 112,521 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Down 4.6 %

Shares of ServisFirst Bancshares stock traded down $3.37 during midday trading on Friday, hitting $70.60. The company had a trading volume of 439,857 shares, compared to its average volume of 218,588. ServisFirst Bancshares, Inc. has a 52-week low of $58.11 and a 52-week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $3.85 billion, a P/E ratio of 16.97 and a beta of 0.89. The company has a 50 day moving average of $86.38 and a 200 day moving average of $87.14.

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

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.335 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.90%. ServisFirst Bancshares's dividend payout ratio is currently 32.21%.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the sale, the director now 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. Corporate insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SFBS. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th.

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.