6,415 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,415 shares of the financial services provider's stock, valued at approximately $544,000.

Several other hedge funds also recently added to or reduced their stakes in SFBS. MetLife Investment Management LLC lifted its holdings in shares of ServisFirst Bancshares by 6.4% in the 4th quarter. MetLife Investment Management LLC now owns 30,610 shares of the financial services provider's stock valued at $2,594,000 after buying an additional 1,846 shares during the period. First Trust Advisors LP lifted its holdings in ServisFirst Bancshares by 31.1% in the fourth quarter. First Trust Advisors LP now owns 110,176 shares of the financial services provider's stock valued at $9,336,000 after acquiring an additional 26,146 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in ServisFirst Bancshares by 3.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 56,328 shares of the financial services provider's stock worth $4,766,000 after purchasing an additional 2,028 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in shares of ServisFirst Bancshares by 6.9% during the 4th quarter. Ceredex Value Advisors LLC now owns 139,550 shares of the financial services provider's stock worth $11,825,000 after purchasing an additional 8,950 shares during the period. Finally, Mariner LLC increased its holdings in shares of ServisFirst Bancshares by 3.4% during the 4th quarter. Mariner LLC now owns 6,787 shares of the financial services provider's stock valued at $575,000 after purchasing an additional 225 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction that occurred on 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 sale, the director now owns 17,436 shares in the company, 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. 6.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SFBS. StockNews.com raised shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler cut their price objective 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.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock traded up $2.23 during midday trading on Friday, reaching $74.61. The company had a trading volume of 176,685 shares, compared to its average volume of 225,457. 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 12-month low of $58.51 and a 12-month high of $101.37. The company has a market capitalization of $4.07 billion, a P/E ratio of 17.93 and a beta of 0.83. The firm's fifty day simple moving average is $77.79 and its 200-day simple moving average is $85.56.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the company earned $0.94 earnings per share. As a group, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 1.80%. ServisFirst Bancshares's payout ratio is 30.45%.

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.