Dimensional Fund Advisors LP Sells 13,662 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Dimensional Fund Advisors LP lowered its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,149,151 shares of the financial services provider's stock after selling 13,662 shares during the quarter. Dimensional Fund Advisors LP owned about 2.11% of ServisFirst Bancshares worth $97,384,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in shares of ServisFirst Bancshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock worth $1,274,000 after purchasing an additional 123 shares during the period. O Shaughnessy Asset Management LLC increased its stake in ServisFirst Bancshares by 3.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 126 shares during the period. Precision Wealth Strategies LLC increased its stake in ServisFirst Bancshares by 1.8% during the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock valued at $622,000 after acquiring an additional 133 shares during the period. Bank of Montreal Can raised its holdings in ServisFirst Bancshares by 0.7% in the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock valued at $1,749,000 after acquiring an additional 138 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of ServisFirst Bancshares by 0.3% in the 4th 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on SFBS shares. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler dropped their price objective on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Price Performance

SFBS stock traded up $2.23 during trading on Friday, hitting $74.61. The company had a trading volume of 176,685 shares, compared to its average volume of 225,457. The company has a fifty day moving average price of $77.79 and a two-hundred day moving average price of $85.54. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.51 and a fifty-two week high of $101.37. The company has a market cap of $4.07 billion, a P/E ratio of 17.93 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.

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). The firm had revenue of $131.83 million during 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 previous year, the company posted $0.94 EPS. Equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

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

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm'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 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 legal filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.

About ServisFirst Bancshares

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.