Sanctuary Advisors LLC Cuts Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sanctuary Advisors LLC lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,506 shares of the financial services provider's stock after selling 3,262 shares during the quarter. Sanctuary Advisors LLC owned 0.17% of ServisFirst Bancshares worth $8,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Orion Portfolio Solutions LLC grew its holdings in ServisFirst Bancshares by 2.4% during the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider's stock valued at $448,000 after purchasing an additional 128 shares during the period. Precision Wealth Strategies LLC lifted its position in shares of ServisFirst Bancshares by 1.8% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock valued at $622,000 after buying an additional 133 shares during the last quarter. Creative Planning grew its stake in shares of ServisFirst Bancshares by 6.5% during the 3rd quarter. Creative Planning now owns 3,383 shares of the financial services provider's stock worth $272,000 after acquiring an additional 205 shares during the period. Raymond James Trust N.A. increased its holdings in ServisFirst Bancshares by 5.7% in the 3rd quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider's stock worth $390,000 after acquiring an additional 263 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC increased its holdings in ServisFirst Bancshares by 13.7% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider's stock worth $266,000 after acquiring an additional 378 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on SFBS. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th.

ServisFirst Bancshares Price Performance

NYSE SFBS traded down $2.41 on Friday, hitting $86.43. The stock had a trading volume of 234,463 shares, compared to its average volume of 195,320. The firm has a 50-day moving average of $88.00 and a 200-day moving average of $85.80. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 20.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a 52-week low of $58.10 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the prior year, the firm earned $0.91 EPS. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.335 per share. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares's previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a yield of 1.55%. ServisFirst Bancshares's payout ratio is presently 32.21%.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.40% of the company's stock.

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.