Stifel Financial Corp Has $7.70 Million Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Stifel Financial Corp decreased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,660 shares of the financial services provider's stock after selling 13,753 shares during the period. Stifel Financial Corp owned approximately 0.18% of ServisFirst Bancshares worth $7,696,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SFBS. Victory Capital Management Inc. increased its stake in ServisFirst Bancshares by 2,704.5% during the 3rd quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider's stock worth $33,428,000 after acquiring an additional 400,694 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth $10,507,000. Sanctuary Advisors LLC bought a new position in shares of ServisFirst Bancshares in the second quarter worth $7,181,000. Principal Financial Group Inc. raised its stake in ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock valued at $83,466,000 after purchasing an additional 108,088 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in ServisFirst Bancshares by 13.4% during the third quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider's stock worth $56,983,000 after purchasing an additional 83,804 shares during the period. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Hovde Group lifted their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of ServisFirst Bancshares from a "hold" rating to a "sell" rating in a research report on Sunday, November 24th.

ServisFirst Bancshares Price Performance

NYSE:SFBS traded down $0.62 during trading hours on Friday, hitting $93.00. The company's stock had a trading volume of 216,831 shares, compared to its average volume of 203,153. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $5.07 billion, a P/E ratio of 24.87 and a beta of 0.88. ServisFirst Bancshares, Inc. has a twelve month low of $58.05 and a twelve month high of $101.37. The stock has a fifty day simple moving average of $90.11 and a 200-day simple moving average of $78.32.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.13. The company had revenue of $256.53 million for the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period last year, the company posted $0.98 EPS. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. ServisFirst Bancshares's payout ratio is presently 32.09%.

Insider Transactions at ServisFirst Bancshares

In other news, COO Rodney Eldon Rushing sold 12,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at approximately $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the transaction, the senior vice president now directly owns 8,501 shares of the company's stock, valued at $724,285.20. This represents a 10.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.40% of the company's stock.

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.