Dynamic Technology Lab Private Ltd bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,530 shares of the financial services provider's stock, valued at approximately $1,062,000.
Several other hedge funds and other institutional investors have also modified their holdings of SFBS. Point72 DIFC Ltd acquired a new stake in ServisFirst Bancshares during the 3rd quarter valued at $32,000. R Squared Ltd acquired a new position in ServisFirst Bancshares during the 4th quarter worth about $69,000. Smartleaf Asset Management LLC grew its holdings in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after acquiring an additional 747 shares during the last quarter. KBC Group NV grew its holdings in ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after acquiring an additional 800 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of ServisFirst Bancshares in the third quarter worth about $208,000. Institutional investors own 67.31% of the company's stock.
ServisFirst Bancshares Trading Down 1.4 %
Shares of ServisFirst Bancshares stock traded down $0.97 on Friday, hitting $68.05. 42,181 shares of the company's stock traded hands, compared to its average volume of 221,166. ServisFirst Bancshares, Inc. has a one year low of $58.11 and a one year high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $3.71 billion, a PE ratio of 16.27 and a beta of 0.89. The firm's 50-day moving average price is $83.98 and its two-hundred day moving average price is $86.61.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 period last year, the business earned $0.91 EPS. On average, research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.
ServisFirst Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is presently 32.21%.
Analyst Ratings Changes
Several research firms recently weighed in on SFBS. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler raised their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th.
Read Our Latest Report on SFBS
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.
About ServisFirst Bancshares
(
Free Report)
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.
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