Algert Global LLC Increases Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Algert Global LLC grew its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 185.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,372 shares of the financial services provider's stock after purchasing an additional 24,275 shares during the period. Algert Global LLC owned approximately 0.07% of ServisFirst Bancshares worth $3,167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System raised its holdings in ServisFirst Bancshares by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock worth $1,274,000 after buying an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of ServisFirst Bancshares by 3.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 126 shares during the last quarter. Precision Wealth Strategies LLC boosted its holdings in shares of ServisFirst Bancshares by 1.8% in the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock worth $622,000 after buying an additional 133 shares during the last quarter. Bank of Montreal Can increased its holdings in ServisFirst Bancshares by 0.7% during the fourth quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock valued at $1,749,000 after buying an additional 138 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in ServisFirst Bancshares by 0.3% in the fourth quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock worth $4,522,000 after acquiring an additional 177 shares during the period. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the business'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 sale, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. The trade was a 50.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.70% of the stock is currently owned by insiders.

ServisFirst Bancshares Price Performance

Shares of SFBS traded up $0.14 during trading hours on Tuesday, reaching $78.70. 14,560 shares of the stock traded hands, compared to its average volume of 224,944. The company has a market cap of $4.30 billion, a P/E ratio of 18.92 and a beta of 0.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $76.02 and its two-hundred day moving average price is $85.15. ServisFirst Bancshares, Inc. has a 52-week low of $58.51 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The business had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same period last year, the company earned $0.94 EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.70%. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

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.