ServisFirst Bancshares, Inc. (NYSE:SFBS) Stake Raised by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 947,367 shares of the financial services provider's stock after purchasing an additional 112,521 shares during the period. ServisFirst Bancshares accounts for approximately 2.1% of Stonegate Investment Group LLC's portfolio, making the stock its 13th largest holding. Stonegate Investment Group LLC owned approximately 1.74% of ServisFirst Bancshares worth $80,280,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Point72 DIFC Ltd purchased a new position in shares of ServisFirst Bancshares during the third quarter valued at approximately $32,000. GAMMA Investing LLC lifted its stake in shares of ServisFirst Bancshares by 138.6% during the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider's stock worth $74,000 after purchasing an additional 535 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter worth $84,000. KBC Group NV increased its position in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after purchasing an additional 800 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at $203,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Up 0.5 %

Shares of SFBS stock traded up $0.46 during trading hours on Friday, hitting $90.60. 89,629 shares of the company were exchanged, compared to its average volume of 220,003. The business's 50-day simple moving average is $89.74 and its two-hundred day simple moving average is $84.45. ServisFirst Bancshares, Inc. has a one year low of $58.05 and a one year high of $101.37. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 21.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.91 EPS. Sell-side analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were given a $0.335 dividend. This is an increase from ServisFirst Bancshares's previous quarterly dividend of $0.30. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Hovde Group lifted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd.

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.