Charles Schwab Investment Management Inc. grew its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 491,818 shares of the financial services provider's stock after purchasing an additional 43,844 shares during the period. Charles Schwab Investment Management Inc. owned about 0.90% of ServisFirst Bancshares worth $39,567,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new position in shares of ServisFirst Bancshares in the third quarter valued at about $220,000. Intech Investment Management LLC raised its holdings in shares of ServisFirst Bancshares by 88.5% in the third quarter. Intech Investment Management LLC now owns 12,184 shares of the financial services provider's stock valued at $980,000 after buying an additional 5,721 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of ServisFirst Bancshares in the third quarter valued at about $1,471,000. LMR Partners LLP bought a new position in shares of ServisFirst Bancshares in the third quarter valued at about $203,000. Finally, Quest Partners LLC raised its holdings in shares of ServisFirst Bancshares by 766.1% in the third quarter. Quest Partners LLC now owns 8,626 shares of the financial services provider's stock valued at $694,000 after buying an additional 7,630 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.
Insiders Place Their Bets
In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the sale, the senior vice president now owns 8,501 shares in the company, valued at $724,285.20. This represents a 10.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Rodney Eldon Rushing sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the sale, the chief operating officer now owns 307,837 shares in the company, valued at approximately $24,805,505.46. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.
ServisFirst Bancshares Trading Down 1.0 %
Shares of SFBS stock traded down $0.99 on Tuesday, reaching $94.30. The company had a trading volume of 162,669 shares, compared to its average volume of 203,018. 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 stock has a market cap of $5.14 billion, a PE ratio of 25.21 and a beta of 0.88. The company has a 50-day moving average of $87.31 and a 200-day moving average of $76.59. ServisFirst Bancshares, Inc. has a 12 month low of $53.63 and a 12 month high of $101.37.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued 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. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The business had revenue of $256.53 million during the quarter, compared to analyst estimates of $120.70 million. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 32.09%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Hovde Group boosted their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, StockNews.com cut ServisFirst Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, November 24th.
Read Our Latest Report on SFBS
About ServisFirst Bancshares
(
Free Report)
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.
Further Reading
![Institutional Ownership by Quarter for ServisFirst Bancshares (NYSE:SFBS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=SFBS)
Before you consider ServisFirst Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServisFirst Bancshares wasn't on the list.
While ServisFirst Bancshares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.