ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,478,138 shares of the financial services provider's stock after purchasing an additional 47,885 shares during the period. Vanguard Group Inc. owned 10.05% of ServisFirst Bancshares worth $365,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its position in ServisFirst Bancshares by 1.9% during the 4th quarter. New York State Common Retirement Fund now owns 20,800 shares of the financial services provider's stock valued at $1,386,000 after acquiring an additional 397 shares during the period. Strs Ohio lifted its position in ServisFirst Bancshares by 38.5% during the 4th quarter. Strs Ohio now owns 1,800 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 500 shares during the period. Truist Financial Corp lifted its position in ServisFirst Bancshares by 0.4% during the 4th quarter. Truist Financial Corp now owns 149,934 shares of the financial services provider's stock valued at $9,990,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $42,000. Finally, Portside Wealth Group LLC lifted its position in ServisFirst Bancshares by 5.1% during the 4th quarter. Portside Wealth Group LLC now owns 14,546 shares of the financial services provider's stock valued at $969,000 after acquiring an additional 706 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Up 4.1 %

NYSE SFBS traded up $2.49 during trading hours on Friday, reaching $63.22. 714,034 shares of the company's stock traded hands, compared to its average volume of 178,901. ServisFirst Bancshares, Inc. has a 52-week low of $39.27 and a 52-week high of $70.84. The firm has a market cap of $3.45 billion, a PE ratio of 17.32 and a beta of 0.90. The firm has a 50-day simple moving average of $61.77 and a 200 day simple moving average of $63.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. The company had revenue of $111.31 million during the quarter, compared to analysts' expectations of $108.14 million. Sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.90%. ServisFirst Bancshares's dividend payout ratio is currently 32.88%.

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.