ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 106.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 857,735 shares of the financial services provider's stock after acquiring an additional 442,225 shares during the period. Victory Capital Management Inc. owned approximately 1.57% of ServisFirst Bancshares worth $72,684,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

Several research firms have recently commented on SFBS. StockNews.com raised 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 research report on Tuesday, January 28th.

Insider Activity at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction on 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.40% of the stock is currently owned by insiders.

ServisFirst Bancshares Price Performance

Shares of SFBS traded down $2.78 during trading hours on Monday, hitting $82.61. 296,507 shares of the stock were exchanged, compared to its average volume of 204,990. The stock's 50-day moving average price is $88.13 and its two-hundred day moving average price is $86.89. ServisFirst Bancshares, Inc. has a 12-month low of $58.11 and a 12-month high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 19.86 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $0.91 EPS. Research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a dividend of $0.335 per share. This is an increase from ServisFirst Bancshares's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.62%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

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.