4,748 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,748 shares of the financial services provider's stock, valued at approximately $402,000.

A number of other large investors also recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in shares of ServisFirst Bancshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock worth $1,274,000 after buying an additional 123 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in ServisFirst Bancshares by 2.4% during the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider's stock worth $448,000 after acquiring an additional 128 shares during the last quarter. Precision Wealth Strategies LLC lifted its stake in shares of ServisFirst Bancshares by 1.8% in the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 133 shares in the last quarter. HighTower Advisors LLC increased its position in ServisFirst Bancshares by 0.3% during the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock worth $4,522,000 after purchasing an additional 177 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in ServisFirst Bancshares by 5.7% in the third quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider's stock valued at $390,000 after buying an additional 263 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

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ServisFirst Bancshares Stock Down 0.6 %

SFBS stock traded down $0.53 during trading on Thursday, reaching $83.19. The stock had a trading volume of 138,942 shares, compared to its average volume of 206,339. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The company has a market capitalization of $4.54 billion, a P/E ratio of 20.00 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. The firm has a fifty day moving average price of $87.68 and a 200 day moving average price of $87.10.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (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 quarter in the prior year, the firm posted $0.91 EPS. On average, equities 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. Stockholders of record on Tuesday, April 1st will be paid a $0.335 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.61%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Insider Transactions at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SFBS shares. Piper Sandler raised their target price on shares of 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 upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

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.