Bank of New York Mellon Corp Boosts Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of New York Mellon Corp lifted its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 472,799 shares of the financial services provider's stock after purchasing an additional 7,450 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.87% of ServisFirst Bancshares worth $29,876,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $102,000. Quadrant Capital Group LLC lifted 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 during the period. Coldstream Capital Management Inc. purchased a new position in ServisFirst Bancshares in the 4th quarter valued at $210,000. Bayesian Capital Management LP purchased a new position in ServisFirst Bancshares in the 1st quarter valued at $217,000. Finally, Janney Montgomery Scott LLC acquired a new position in ServisFirst Bancshares in the 1st quarter valued at $271,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Hovde Group lifted their price objective on ServisFirst Bancshares from $68.00 to $76.00 and gave the company a "market perform" rating in a report on Tuesday, July 16th. Piper Sandler lifted their price target on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, July 16th.

ServisFirst Bancshares Price Performance

Shares of SFBS traded up $0.12 on Wednesday, reaching $79.06. The stock had a trading volume of 159,976 shares, compared to its average volume of 198,405. ServisFirst Bancshares, Inc. has a twelve month low of $45.21 and a twelve month high of $83.61. The firm has a market capitalization of $4.31 billion, a PE ratio of 21.66 and a beta of 0.87. The firm has a 50-day moving average of $74.09 and a 200 day moving average of $66.43. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. The business had revenue of $114.77 million for the quarter, compared to analyst estimates of $114.80 million. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 3.82 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. ServisFirst Bancshares's dividend payout ratio (DPR) is 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.