Geode Capital Management LLC cut its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,150,191 shares of the financial services provider's stock after selling 7,159 shares during the period. Geode Capital Management LLC owned 2.11% of ServisFirst Bancshares worth $97,489,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of ServisFirst Bancshares by 552.5% in the 3rd quarter. FMR LLC now owns 24,280 shares of the financial services provider's stock valued at $1,953,000 after acquiring an additional 20,559 shares during the period. Verition Fund Management LLC purchased a new stake in ServisFirst Bancshares in the third quarter valued at approximately $208,000. Point72 DIFC Ltd acquired a new position in ServisFirst Bancshares during the third quarter worth $32,000. State Street Corp boosted its position in shares of ServisFirst Bancshares by 2.6% during the third quarter. State Street Corp now owns 2,377,138 shares of the financial services provider's stock worth $191,241,000 after buying an additional 60,683 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of ServisFirst Bancshares by 48.8% during the third quarter. Jane Street Group LLC now owns 76,113 shares of the financial services provider's stock worth $6,123,000 after buying an additional 24,954 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm'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 transaction of $1,596,240.00. Following the sale, the director now owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.40% of the stock is owned by company insiders.
Analyst Ratings Changes
SFBS has been the subject of a number of research reports. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler boosted 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.
Check Out Our Latest Report on SFBS
ServisFirst Bancshares Stock Up 1.8 %
Shares of ServisFirst Bancshares stock traded up $1.27 on Tuesday, reaching $70.26. 35,840 shares of the company were exchanged, compared to its average volume of 221,470. The stock's 50 day moving average price is $83.05 and its 200-day moving average price is $86.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The company has a market cap of $3.84 billion, a P/E ratio of 16.88 and a beta of 0.89.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $0.91 earnings per share. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.
ServisFirst Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is 32.21%.
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.
See Also
Before you consider ServisFirst Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServisFirst Bancshares wasn't on the list.
While ServisFirst Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
