Bank of New York Mellon Corp Purchases 36,711 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of New York Mellon Corp raised its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 464,406 shares of the financial services provider's stock after purchasing an additional 36,711 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of ServisFirst Bancshares worth $39,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in ServisFirst Bancshares in the 3rd quarter valued at about $32,000. R Squared Ltd bought a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $69,000. KBC Group NV increased its holdings in shares of ServisFirst Bancshares by 52.4% in the fourth 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 bought a new position in ServisFirst Bancshares in the 3rd quarter worth approximately $203,000. Finally, Verition Fund Management LLC acquired a new position in ServisFirst Bancshares during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Ratings Changes

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

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ServisFirst Bancshares Trading Down 3.3 %

Shares of NYSE:SFBS traded down $2.78 during midday trading on Monday, hitting $82.61. The company had a trading volume of 296,507 shares, compared to its average volume of 204,990. ServisFirst Bancshares, Inc. has a 12 month low of $58.11 and a 12 month high of $101.37. The firm has a fifty day simple moving average of $88.13 and a 200 day simple moving average of $86.89. 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 cap of $4.51 billion, a price-to-earnings ratio of 19.86 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.91 EPS. On average, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.62%. This is a boost from ServisFirst Bancshares's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares's payout ratio is presently 32.21%.

Insiders Place Their Bets

In other news, Director Christopher J. Mettler sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.40% of the company's stock.

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.