Sei Investments Co. Has $9.60 Million Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sei Investments Co. increased its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 27.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,241 shares of the financial services provider's stock after acquiring an additional 24,206 shares during the quarter. Sei Investments Co. owned about 0.21% of ServisFirst Bancshares worth $9,596,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in ServisFirst Bancshares by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 491,818 shares of the financial services provider's stock worth $39,567,000 after acquiring an additional 43,844 shares during the last quarter. Citigroup Inc. boosted its stake in ServisFirst Bancshares by 24.4% in the 3rd quarter. Citigroup Inc. now owns 82,707 shares of the financial services provider's stock valued at $6,654,000 after purchasing an additional 16,219 shares during the period. Cerity Partners LLC bought a new stake in ServisFirst Bancshares in the 3rd quarter valued at $440,000. FMR LLC grew its holdings in ServisFirst Bancshares by 552.5% in the 3rd quarter. FMR LLC now owns 24,280 shares of the financial services provider's stock valued at $1,953,000 after buying an additional 20,559 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in ServisFirst Bancshares by 21.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 16,081 shares of the financial services provider's stock worth $1,294,000 after buying an additional 2,804 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have weighed in on SFBS shares. Piper Sandler lifted their price objective on shares of 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 shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

ServisFirst Bancshares Trading Down 10.0 %

Shares of ServisFirst Bancshares stock traded down $8.24 during trading on Thursday, hitting $73.97. The company's stock had a trading volume of 268,557 shares, compared to its average volume of 217,586. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 17.78 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 52 week low of $58.11 and a 52 week high of $101.37. The stock has a 50-day moving average price of $86.73 and a two-hundred day moving average price of $87.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating 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 firm posted $0.91 EPS. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.81%. ServisFirst Bancshares's payout ratio is 32.21%.

Insider Transactions at ServisFirst Bancshares

In other 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 value 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 approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.