Welch Group LLC Has $84.56 Million Stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Welch Group LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,274,271 shares of the financial services provider's stock after selling 25,202 shares during the period. ServisFirst Bancshares accounts for approximately 4.2% of Welch Group LLC's portfolio, making the stock its 2nd largest holding. Welch Group LLC owned approximately 2.34% of ServisFirst Bancshares worth $84,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFBS. GAMMA Investing LLC purchased a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $42,000. Scarborough Advisors LLC purchased a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $102,000. Strs Ohio grew its holdings in shares of ServisFirst Bancshares by 38.5% during the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider's stock worth $119,000 after purchasing an additional 500 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of ServisFirst Bancshares by 54.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider's stock worth $158,000 after purchasing an additional 830 shares in the last quarter. Finally, Xponance Inc. purchased a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $205,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

SFBS traded down $0.62 during midday trading on Thursday, hitting $59.46. The stock had a trading volume of 133,365 shares, compared to its average volume of 170,997. The company has a market cap of $3.24 billion, a P/E ratio of 16.29 and a beta of 0.90. The business has a fifty day moving average of $61.67 and a 200 day moving average of $62.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. ServisFirst Bancshares, Inc. has a 1 year low of $39.27 and a 1 year high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS - Get Free Report) last issued its earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $111.31 million during the quarter, compared to analyst estimates of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, July 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.88%.

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.