Townsquare Capital LLC Sells 3,957 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Townsquare Capital LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,166 shares of the financial services provider's stock after selling 3,957 shares during the quarter. Townsquare Capital LLC owned 0.17% of ServisFirst Bancshares worth $7,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SFBS. R Squared Ltd bought a new position in ServisFirst Bancshares during the 4th quarter worth approximately $69,000. Smartleaf Asset Management LLC grew its holdings in shares of ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after purchasing an additional 747 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of ServisFirst Bancshares by 761.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after buying an additional 1,051 shares during the period. KBC Group NV raised its holdings in ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after buying an additional 800 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in ServisFirst Bancshares during the 3rd quarter valued at $208,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

SFBS has been the topic of several recent research reports. Piper Sandler upped their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

Insiders Place Their Bets

In other news, Director Christopher J. Mettler sold 18,000 shares of the 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 in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.40% of the stock is currently owned by insiders.

ServisFirst Bancshares Stock Up 0.6 %

Shares of NYSE:SFBS traded up $0.40 during trading on Friday, reaching $69.72. 311,257 shares of the stock traded hands, compared to its average volume of 223,799. The stock has a market cap of $3.81 billion, a P/E ratio of 16.76 and a beta of 0.89. 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 stock has a 50-day moving average of $81.72 and a two-hundred day moving average of $86.21. ServisFirst Bancshares, Inc. has a 52-week low of $58.43 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 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 last year, the business posted $0.91 earnings per share. As a group, sell-side analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

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

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.