Keybank National Association OH Takes $428,000 Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Keybank National Association OH acquired a new position 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 fund acquired 5,047 shares of the financial services provider's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in ServisFirst Bancshares during the 3rd quarter valued at approximately $32,000. R Squared Ltd purchased a new position in shares of ServisFirst Bancshares in the fourth quarter worth about $69,000. Smartleaf Asset Management LLC lifted its holdings in shares of ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after purchasing an additional 747 shares during the period. KBC Group NV boosted its position in 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 during the last quarter. Finally, LMR Partners LLP acquired a new position in ServisFirst Bancshares in the 3rd quarter worth approximately $203,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the company'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 completion of the transaction, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.40% of the company's stock.

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ServisFirst Bancshares Stock Performance

SFBS stock traded down $1.09 during trading on Thursday, hitting $80.50. 235,307 shares of the company traded hands, compared to its average volume of 206,399. 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 $4.39 billion, a PE ratio of 19.35 and a beta of 0.91. The stock's 50-day simple moving average is $87.94 and its 200 day simple moving average is $86.88. 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 posted 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 quarter last 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 disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a $0.335 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's dividend payout ratio is 32.21%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th.

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.