WINTON GROUP Ltd acquired a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,907 shares of the financial services provider's stock, valued at approximately $1,178,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock valued at $93,126,000 after purchasing an additional 23,555 shares during the last quarter. Verition Fund Management LLC bought a new position in ServisFirst Bancshares during the third quarter valued at $208,000. GAMMA Investing LLC increased its position in ServisFirst Bancshares by 411.5% during the fourth quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider's stock valued at $399,000 after acquiring an additional 3,790 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of ServisFirst Bancshares by 169.0% in the fourth 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ServisFirst Bancshares by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock worth $44,155,000 after acquiring an additional 29,247 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
SFBS has been the subject of several recent analyst reports. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler boosted their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th.
Check Out Our Latest Research Report on SFBS
Insider Buying and Selling at ServisFirst Bancshares
In related news, Director Christopher J. Mettler sold 18,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.40% of the company's stock.
ServisFirst Bancshares Stock Up 0.4 %
Shares of SFBS traded up $0.34 during midday trading on Wednesday, reaching $81.27. 28,895 shares of the stock were exchanged, compared to its average volume of 224,672. The company has a market capitalization of $4.44 billion, a P/E ratio of 19.54 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 52 week low of $58.10 and a 52 week high of $101.37. The company's 50 day moving average is $87.14 and its two-hundred day moving average is $87.34.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the business posted $0.91 EPS. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.
ServisFirst Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st will be issued 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 yield of 1.65%. ServisFirst Bancshares's dividend payout ratio is currently 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.
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