Fairvoy Private Wealth LLC Invests $347,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Fairvoy Private Wealth LLC bought a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,100 shares of the financial services provider's stock, valued at approximately $347,000.

A number of other large investors have also recently bought and sold shares of SFBS. Point72 DIFC Ltd acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth $32,000. R Squared Ltd acquired a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $69,000. GAMMA Investing LLC boosted its position in shares of ServisFirst Bancshares by 138.6% in 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. KBC Group NV grew 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 buying an additional 800 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Price Performance

SFBS stock traded up $1.60 on Tuesday, hitting $92.18. 127,547 shares of the company's stock traded hands, compared to its average volume of 218,720. 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 stock has a market cap of $5.03 billion, a price-to-earnings ratio of 22.16 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 1-year low of $58.10 and a 1-year high of $101.37. The stock has a fifty day moving average of $88.94 and a 200-day moving average of $85.19.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 last year, the firm posted $0.91 earnings per share. On average, analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, January 2nd. This is an increase from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's payout ratio is presently 32.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Hovde Group increased their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note 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.