KLP Kapitalforvaltning AS Purchases Shares of 10,300 ServisFirst Bancshares, Inc. (NYSE:SFBS)

KLP Kapitalforvaltning AS acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,300 shares of the financial services provider's stock, valued at approximately $873,000.

A number of other institutional investors have also recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $32,000. R Squared Ltd acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at $69,000. Smartleaf Asset Management LLC increased its stake in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 747 shares during the last quarter. KBC Group NV raised its holdings in shares of ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after buying an additional 800 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of ServisFirst Bancshares during the 3rd quarter worth $208,000. 67.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SFBS. Piper Sandler lifted their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th.

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Insider Activity at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total value of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by company insiders.

ServisFirst Bancshares Price Performance

SFBS traded down $3.56 on Friday, reaching $70.41. The stock had a trading volume of 119,292 shares, compared to its average volume of 217,354. The firm has a 50-day moving average of $86.73 and a 200-day moving average of $87.21. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.11 and a fifty-two week high of $101.37. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 16.87 and a beta of 0.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its 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 prior year, the firm posted $0.91 EPS. As a group, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st will be paid a $0.335 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.90%. ServisFirst Bancshares's dividend payout ratio is 32.21%.

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.