Barclays PLC Has $8.10 Million Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Barclays PLC raised its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 150.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,688 shares of the financial services provider's stock after buying an additional 60,517 shares during the quarter. Barclays PLC owned 0.18% of ServisFirst Bancshares worth $8,101,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its position in shares of ServisFirst Bancshares by 2.4% in the third 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. Cetera Investment Advisers raised its stake in ServisFirst Bancshares by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider's stock worth $2,036,000 after purchasing an additional 196 shares in the last quarter. Creative Planning boosted its holdings in ServisFirst Bancshares by 6.5% in the 3rd quarter. Creative Planning now owns 3,383 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 205 shares during the period. Inspire Investing LLC grew its position in shares of ServisFirst Bancshares by 3.9% during the 2nd quarter. Inspire Investing LLC now owns 5,553 shares of the financial services provider's stock worth $351,000 after purchasing an additional 206 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of ServisFirst Bancshares by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 43,131 shares of the financial services provider's stock worth $2,725,000 after purchasing an additional 254 shares during the period. Institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

SFBS has been the topic of a number of analyst reports. Hovde Group increased their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. StockNews.com lowered ServisFirst Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, November 24th. Finally, Piper Sandler raised their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, SVP Henry Fulbrook Abbott sold 1,000 shares of the business's stock in a transaction on Thursday, October 24th. The shares were 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 of the company's stock, valued at approximately $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.40% of the company's stock.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $92.25 on Wednesday. The firm's 50 day simple moving average is $90.43 and its 200 day simple moving average is $78.80. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 24.67 and a beta of 0.88. 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 1 year low of $58.05 and a 1 year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, topping 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 firm had revenue of $256.53 million during the quarter, compared to analysts' expectations of $120.70 million. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, research analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from ServisFirst Bancshares's previous quarterly dividend of $0.30. ServisFirst Bancshares's payout ratio is currently 32.09%.

ServisFirst Bancshares Company 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.