Edgestream Partners L.P. Grows Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Edgestream Partners L.P. lifted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 96.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,891 shares of the financial services provider's stock after acquiring an additional 36,717 shares during the quarter. Edgestream Partners L.P. owned 0.14% of ServisFirst Bancshares worth $6,346,000 at the end of the most recent quarter.

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 in the third quarter worth $32,000. R Squared Ltd purchased a new position in shares of ServisFirst Bancshares in the 4th quarter valued at about $69,000. Smartleaf Asset Management LLC increased its holdings in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 747 shares in the last quarter. KBC Group NV lifted its stake 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 during the period. Finally, LMR Partners LLP purchased a new stake in ServisFirst Bancshares during the third quarter worth about $203,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock traded down $1.20 during trading on Tuesday, hitting $81.42. 382,930 shares of the company were exchanged, compared to its average volume of 205,683. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $88.07 and a 200 day moving average price of $86.92. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.57 and a beta of 0.91. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.11 and a fifty-two week high of $101.37.

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ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced 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 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 earnings per share. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.65%. This is a positive change from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's dividend payout ratio (DPR) is 32.21%.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares in the company, valued at $1,546,224.48. The trade was a 50.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.