ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 521,065 shares of the financial services provider's stock after buying an additional 29,247 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of ServisFirst Bancshares worth $44,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in ServisFirst Bancshares during the third quarter worth about $32,000. R Squared Ltd purchased a new position in ServisFirst Bancshares during the fourth quarter worth about $69,000. Smartleaf Asset Management LLC lifted its position in ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the period. KBC Group NV lifted its position in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after buying an additional 800 shares during the period. Finally, LMR Partners LLP purchased a new position in ServisFirst Bancshares during the third quarter worth about $203,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SFBS shares. Piper Sandler raised their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

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ServisFirst Bancshares Trading Down 0.5 %

Shares of ServisFirst Bancshares stock traded down $0.39 during trading hours on Tuesday, reaching $82.74. The stock had a trading volume of 214,137 shares, compared to its average volume of 204,105. The firm has a 50 day simple moving average of $87.82 and a two-hundred day simple moving average of $86.96. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.89 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 1 year low of $58.11 and a 1 year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates 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 posted $0.91 EPS. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.335 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.62%. ServisFirst Bancshares's payout ratio is currently 32.21%.

Insider Activity at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.40% of the company's stock.

ServisFirst Bancshares 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.