Aquatic Capital Management LLC purchased a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,415 shares of the financial services provider's stock, valued at approximately $544,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of ServisFirst Bancshares by 411.5% in the fourth quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider's stock worth $399,000 after purchasing an additional 3,790 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 valued at $44,155,000 after purchasing an additional 29,247 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 36,711 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at $1,858,000. Institutional investors and hedge funds own 67.31% of the company's stock.
ServisFirst Bancshares Trading Up 0.0 %
NYSE:SFBS traded up $0.04 during trading hours on Wednesday, hitting $73.41. 19,634 shares of the company were exchanged, compared to its average volume of 224,427. The company has a fifty day simple moving average of $77.17 and a 200 day simple moving average of $85.38. 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 stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 17.67 and a beta of 0.83. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the business posted $0.94 EPS. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.
ServisFirst Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid 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 1.83%. ServisFirst Bancshares's payout ratio is currently 30.45%.
Insiders Place Their Bets
In related news, Director Christopher J. Mettler sold 18,000 shares of the company's 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 transaction, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.70% of the company's stock.
Analyst Ratings Changes
Separately, Piper Sandler dropped their price target 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.
Get Our Latest Analysis on ServisFirst Bancshares
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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