Axa S.A. Buys 3,955 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

AXA S.A. lifted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 136.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,848 shares of the financial services provider's stock after purchasing an additional 3,955 shares during the period. AXA S.A.'s holdings in ServisFirst Bancshares were worth $580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 747 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $44,155,000 after purchasing an additional 29,247 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ServisFirst Bancshares by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock valued at $39,354,000 after acquiring an additional 36,711 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at approximately $1,858,000. Finally, Keybank National Association OH bought a new stake in shares of ServisFirst Bancshares during the 4th quarter worth about $428,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Down 0.0%

SFBS stock traded down $0.01 during trading hours on Thursday, reaching $77.71. 29,193 shares of the stock were exchanged, compared to its average volume of 231,961. 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 firm's 50-day moving average is $75.71 and its 200-day moving average is $85.05. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 18.68 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results 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 business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.72%. ServisFirst Bancshares's dividend payout ratio is 30.45%.

Wall Street Analyst Weigh In

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

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.