Edgestream Partners L.P. Acquires Shares of 38,174 ServisFirst Bancshares, Inc. (NYSE:SFBS)

Edgestream Partners L.P. acquired a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,174 shares of the financial services provider's stock, valued at approximately $3,071,000. Edgestream Partners L.P. owned about 0.07% of ServisFirst Bancshares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFBS. GAMMA Investing LLC boosted its position in shares of ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider's stock worth $74,000 after buying an additional 535 shares during the period. Quest Partners LLC lifted its stake in ServisFirst Bancshares by 4,880.0% during the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider's stock worth $63,000 after acquiring an additional 976 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in ServisFirst Bancshares during the 2nd quarter valued at about $84,000. LMR Partners LLP acquired a new position in ServisFirst Bancshares in the 3rd quarter valued at about $203,000. Finally, Verition Fund Management LLC purchased a new stake in ServisFirst Bancshares during the third quarter worth about $208,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares of the company's stock, valued at approximately $724,285.20. This represents a 10.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Rodney Eldon Rushing sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the transaction, the chief operating officer now owns 307,837 shares in the company, valued at approximately $24,805,505.46. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.

ServisFirst Bancshares Stock Down 0.5 %

ServisFirst Bancshares stock traded down $0.49 during trading on Monday, reaching $95.29. The stock had a trading volume of 291,221 shares, compared to its average volume of 203,192. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 52-week low of $53.63 and a 52-week high of $101.37. The stock has a market cap of $5.20 billion, a PE ratio of 25.48 and a beta of 0.86. The business has a 50 day moving average price of $87.31 and a 200 day moving average price of $76.59.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. The business had revenue of $256.53 million during the quarter, compared to analysts' expectations of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the company earned $0.98 EPS. On average, analysts predict that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is 32.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SFBS. StockNews.com cut shares of ServisFirst Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, November 24th. Piper Sandler boosted their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Hovde Group upped their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd.

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.