UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.66 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 14.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,368 shares of the financial services provider's stock after selling 11,454 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of ServisFirst Bancshares worth $5,661,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Quest Partners LLC increased its position in ServisFirst Bancshares by 4,880.0% in the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider's stock worth $63,000 after buying an additional 976 shares during the period. GAMMA Investing LLC boosted its holdings in ServisFirst Bancshares by 138.6% in the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 535 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ServisFirst Bancshares in the 2nd quarter worth $84,000. LMR Partners LLP bought a new position in ServisFirst Bancshares during the third quarter valued at about $203,000. Finally, CIBC Asset Management Inc raised its stake in shares of ServisFirst Bancshares by 8.7% in the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider's stock valued at $210,000 after purchasing an additional 267 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS traded up $0.41 during trading on Wednesday, reaching $95.04. The stock had a trading volume of 335,619 shares, compared to its average volume of 203,396. The stock has a market capitalization of $5.18 billion, a PE ratio of 25.41 and a beta of 0.88. 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, Inc. has a 52 week low of $55.83 and a 52 week high of $101.37. The business's 50-day moving average price is $89.53 and its 200 day moving average price is $78.00.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The company had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares's payout ratio is presently 32.09%.

Insider Buying and Selling at ServisFirst Bancshares

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the business'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 transaction of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares of the company's stock, valued at $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Rodney Eldon Rushing sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 7.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SFBS shares. Piper Sandler raised their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Hovde Group boosted their price target on 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 cut ServisFirst Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, November 24th.

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.