Blue Trust Inc. Cuts Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Blue Trust Inc. trimmed its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,721 shares of the financial services provider's stock after selling 7,913 shares during the quarter. Blue Trust Inc.'s holdings in ServisFirst Bancshares were worth $2,069,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in ServisFirst Bancshares during the 3rd quarter valued at approximately $32,000. GAMMA Investing LLC grew its position in ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider's stock valued at $74,000 after buying an additional 535 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in ServisFirst Bancshares in the 2nd quarter worth $84,000. LMR Partners LLP bought a new position in shares of ServisFirst Bancshares in the third quarter worth approximately $203,000. Finally, Verition Fund Management LLC bought a new stake in ServisFirst Bancshares during the 3rd quarter valued at approximately $208,000. Institutional investors own 67.31% of the company's stock.

Analysts Set New Price Targets

SFBS has been the subject of several research reports. Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday. Hovde Group boosted their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

ServisFirst Bancshares Stock Performance

SFBS traded up $0.46 during trading on Friday, reaching $90.60. 89,629 shares of the company's stock were exchanged, compared to its average volume of 220,003. The company's fifty day simple moving average is $89.74 and its 200-day simple moving average is $84.45. The stock has a market capitalization of $4.94 billion, a P/E ratio of 21.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 1 year low of $58.05 and a 1 year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) 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 quarter in the prior year, the firm earned $0.91 earnings per share. As a group, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were paid a $0.335 dividend. This is an increase from ServisFirst Bancshares's previous quarterly dividend of $0.30. 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 1.48%. ServisFirst Bancshares's dividend payout ratio is presently 32.21%.

About ServisFirst Bancshares

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.