Sagespring Wealth Partners LLC Buys New Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sagespring Wealth Partners LLC acquired a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,291 shares of the financial services provider's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of ServisFirst Bancshares by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock worth $484,249,000 after buying an additional 25,956 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ServisFirst Bancshares by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock valued at $93,126,000 after acquiring an additional 23,555 shares in the last quarter. Principal Financial Group Inc. raised its holdings in ServisFirst Bancshares by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after acquiring an additional 15,916 shares during the last quarter. Stonegate Investment Group LLC boosted its position in shares of ServisFirst Bancshares by 13.5% in the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after acquiring an additional 112,521 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in ServisFirst Bancshares by 106.4% during the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock worth $72,684,000 after acquiring an additional 442,225 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Up 0.6 %

SFBS stock traded up $0.40 during midday trading on Friday, hitting $69.72. 311,257 shares of the company's stock were exchanged, compared to its average volume of 224,072. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 16.76 and a beta of 0.89. The firm has a 50 day moving average price of $81.27 and a 200-day moving average price of $86.16. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 12-month low of $58.43 and a 12-month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $0.91 EPS. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.92%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SFBS. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th. Piper Sandler boosted their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th.

Insider Buying and Selling at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the transaction, the director now owns 17,436 shares of the company's stock, valued at $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.40% of the stock is owned by company insiders.

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.