Arlington Trust Co LLC Lowers Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Arlington Trust Co LLC decreased its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 92.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,350 shares of the financial services provider's stock after selling 39,600 shares during the quarter. Arlington Trust Co LLC's holdings in ServisFirst Bancshares were worth $270,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of ServisFirst Bancshares by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 26,492 shares of the financial services provider's stock worth $1,758,000 after acquiring an additional 6,964 shares during the period. Cetera Investment Advisers acquired a new stake in shares of ServisFirst Bancshares in the first quarter worth $2,125,000. Dimensional Fund Advisors LP increased its stake in shares of ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider's stock worth $77,775,000 after acquiring an additional 36,302 shares during the period. Savant Capital LLC increased its stake in shares of ServisFirst Bancshares by 286.8% in the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider's stock worth $4,048,000 after acquiring an additional 47,502 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in ServisFirst Bancshares by 42.2% during the second quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider's stock worth $9,898,000 after buying an additional 46,469 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Buying and Selling at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now directly owns 8,501 shares of the company's stock, valued at approximately $724,285.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now directly owns 8,501 shares of the company's stock, valued at approximately $724,285.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Rodney Eldon Rushing sold 12,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, the chief operating officer now directly owns 307,837 shares in the company, valued at approximately $24,805,505.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SFBS shares. Hovde Group increased their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

SFBS traded up $1.17 during midday trading on Friday, hitting $84.31. 207,092 shares of the company traded hands, compared to its average volume of 189,286. 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 company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 22.54 and a beta of 0.86. ServisFirst Bancshares, Inc. has a 52-week low of $46.06 and a 52-week high of $88.86. The business has a 50 day simple moving average of $81.08 and a two-hundred day simple moving average of $71.66.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The business had revenue of $256.53 million for the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period last year, the firm posted $0.98 earnings per share. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.42%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares's payout ratio is 32.09%.

About ServisFirst Bancshares

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.