ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Purchased by Algert Global LLC

Algert Global LLC raised its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 185.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,372 shares of the financial services provider's stock after buying an additional 24,275 shares during the quarter. Algert Global LLC owned about 0.07% of ServisFirst Bancshares worth $3,167,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in ServisFirst Bancshares by 169.0% in 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. Charles Schwab Investment Management Inc. grew its holdings in ServisFirst Bancshares by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock valued at $44,155,000 after purchasing an additional 29,247 shares during the period. Bank of New York Mellon Corp increased its position in ServisFirst Bancshares by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock worth $39,354,000 after purchasing an additional 36,711 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in ServisFirst Bancshares during the fourth quarter worth approximately $1,858,000. Finally, Keybank National Association OH acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $428,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Trading Down 0.1 %

NYSE SFBS traded down $0.07 during mid-day trading on Friday, hitting $74.62. The company's stock had a trading volume of 97,137 shares, compared to its average volume of 225,624. 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 $58.51 and a 52-week high of $101.37. The stock's fifty day simple moving average is $76.20 and its two-hundred day simple moving average is $85.18. The firm has a market capitalization of $4.07 billion, a P/E ratio of 17.94 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 EPS. Research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 30.45%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

Insider Activity

In related news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were 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 of the company's stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.70% of the company's stock.

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.