Wells Fargo & Company MN Acquires 3,620 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Wells Fargo & Company MN lifted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 372,204 shares of the financial services provider's stock after purchasing an additional 3,620 shares during the period. Wells Fargo & Company MN owned about 0.68% of ServisFirst Bancshares worth $31,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $69,000. Smartleaf Asset Management LLC grew 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 worth $102,000 after buying an additional 747 shares during the last quarter. KBC Group NV increased its holdings in shares of ServisFirst Bancshares by 52.4% in 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 period. Verition Fund Management LLC purchased a new stake in ServisFirst Bancshares in the 3rd quarter valued at $208,000. Finally, Peapack Gladstone Financial Corp purchased a new position in ServisFirst Bancshares during the 3rd quarter worth $234,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Up 0.7 %

Shares of ServisFirst Bancshares stock traded up $0.50 during trading hours on Tuesday, hitting $69.49. The company's stock had a trading volume of 98,969 shares, compared to its average volume of 221,743. 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, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The company has a market capitalization of $3.79 billion, a PE ratio of 16.70 and a beta of 0.89. The business has a fifty day moving average of $83.05 and a 200 day moving average of $86.52.

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ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 in the prior year, the business posted $0.91 earnings per share. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.93%. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SFBS shares. Piper Sandler boosted their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research report 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 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.