Algert Global LLC Has $1.05 Million Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Algert Global LLC trimmed its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 53.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,097 shares of the financial services provider's stock after selling 15,100 shares during the quarter. Algert Global LLC's holdings in ServisFirst Bancshares were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SFBS. Cetera Investment Advisers acquired a new stake in shares of ServisFirst Bancshares during the 1st quarter worth about $2,125,000. Dimensional Fund Advisors LP increased its holdings in shares of ServisFirst Bancshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider's stock worth $77,775,000 after buying an additional 36,302 shares in the last quarter. Savant Capital LLC raised its stake in shares of ServisFirst Bancshares by 286.8% in the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider's stock valued at $4,048,000 after acquiring an additional 47,502 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of ServisFirst Bancshares by 42.2% in the second quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider's stock valued at $9,898,000 after buying an additional 46,469 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of ServisFirst Bancshares in the second quarter valued at about $408,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, the chief operating officer now owns 307,837 shares in the company, valued at approximately $24,805,505.46. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now owns 8,501 shares in the company, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Hovde Group increased their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of ServisFirst Bancshares from a "hold" rating to a "sell" rating in a research report on Sunday, November 24th. Finally, Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd.

ServisFirst Bancshares Trading Down 1.3 %

SFBS traded down $1.30 during midday trading on Friday, reaching $95.78. 126,020 shares of the company were exchanged, compared to its average volume of 202,807. The stock has a market capitalization of $5.22 billion, a P/E ratio of 25.61 and a beta of 0.86. ServisFirst Bancshares, Inc. has a one year low of $50.56 and a one year high of $101.37. The stock's 50-day simple moving average is $87.07 and its 200 day simple moving average is $76.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. The company had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. During the same period last year, the business posted $0.98 earnings per share. As a group, analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares's dividend payout ratio is currently 32.09%.

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.