ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,067 shares of the financial services provider's stock after acquiring an additional 14,382 shares during the period. Invesco Ltd. owned approximately 0.25% of ServisFirst Bancshares worth $11,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock valued at $484,249,000 after buying an additional 25,956 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of ServisFirst Bancshares by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after acquiring an additional 15,916 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after acquiring an additional 112,521 shares during the period. Victory Capital Management Inc. increased its holdings in ServisFirst Bancshares by 106.4% during the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock worth $72,684,000 after buying an additional 442,225 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter worth approximately $47,456,000. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Price Performance

SFBS stock traded up $0.61 during midday trading on Thursday, reaching $71.59. The company had a trading volume of 191,342 shares, compared to its average volume of 225,194. The firm has a 50-day moving average price of $80.13 and a 200-day moving average price of $85.98. The company has a market capitalization of $3.91 billion, a P/E ratio of 17.21 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 1 year low of $58.43 and a 1 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.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The business had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. During the same quarter in the previous year, the business earned $0.94 EPS. On average, research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.87%. ServisFirst Bancshares's payout ratio is currently 30.45%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SFBS shares. Piper Sandler reduced their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday. StockNews.com raised shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.70% of the stock is currently owned by insiders.

ServisFirst Bancshares 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.