Teacher Retirement System of Texas boosted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 101.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,497 shares of the financial services provider's stock after acquiring an additional 8,296 shares during the quarter. Teacher Retirement System of Texas' holdings in ServisFirst Bancshares were worth $1,398,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SFBS. Point72 DIFC Ltd purchased a new position in shares of ServisFirst Bancshares in the third quarter worth $32,000. R Squared Ltd purchased a new position in ServisFirst Bancshares in the 4th quarter worth about $69,000. Smartleaf Asset Management LLC lifted its stake in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 747 shares during the period. KBC Group NV boosted its holdings in shares of 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 acquiring an additional 800 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at about $208,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on SFBS shares. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th.
Get Our Latest Report on ServisFirst Bancshares
Insider Buying and Selling at ServisFirst Bancshares
In other news, Director Christopher J. Mettler sold 18,000 shares of the company's 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 completion of the sale, the director now owns 17,436 shares of the company's stock, valued at approximately $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 accessible through this link. Company insiders own 7.40% of the company's stock.
ServisFirst Bancshares Stock Performance
NYSE:SFBS traded up $1.24 on Wednesday, hitting $82.17. The stock had a trading volume of 214,866 shares, compared to its average volume of 217,030. The business's 50-day simple moving average is $87.00 and its two-hundred day simple moving average is $87.30. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 19.75 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 52-week low of $58.11 and a 52-week high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its 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 net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the business earned $0.91 earnings per share. As a group, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.63%. ServisFirst Bancshares's payout ratio is 32.21%.
About ServisFirst Bancshares
(
Free Report)
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.
Featured Stories
Before you consider ServisFirst Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServisFirst Bancshares wasn't on the list.
While ServisFirst Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
