New Age Alpha Advisors LLC acquired a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,776 shares of the financial services provider's stock, valued at approximately $489,000.
Several other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in ServisFirst Bancshares in the third quarter worth approximately $32,000. R Squared Ltd bought a new position in shares of ServisFirst Bancshares in the 4th quarter worth $69,000. Smartleaf Asset Management LLC lifted its stake in shares of ServisFirst Bancshares by 169.0% during the 4th 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 last quarter. KBC Group NV boosted its position in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 800 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in ServisFirst Bancshares in the third quarter valued at about $208,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
ServisFirst Bancshares Stock Performance
Shares of SFBS stock traded down $8.24 during mid-day trading on Thursday, reaching $73.97. The stock had a trading volume of 268,557 shares, compared to its average volume of 217,586. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 17.78 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. The business's fifty day moving average is $87.00 and its 200-day moving average is $87.30.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 period in the prior year, the firm posted $0.91 EPS. On average, research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.335 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.81%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.
Insider Buying and Selling at ServisFirst Bancshares
In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the business'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 completion of the transaction, the director now directly owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.40% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Piper Sandler raised their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.
Get Our Latest Stock Analysis on SFBS
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.
Read More
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
