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

Dimensional Fund Advisors LP cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,149,151 shares of the financial services provider's stock after selling 13,662 shares during the period. Dimensional Fund Advisors LP owned 2.11% of ServisFirst Bancshares worth $97,384,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in ServisFirst Bancshares in the fourth quarter valued at approximately $47,456,000. Victory Capital Management Inc. raised its stake in ServisFirst Bancshares by 106.4% in the 4th quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock valued at $72,684,000 after acquiring an additional 442,225 shares during the period. Raymond James Financial Inc. acquired a new stake in ServisFirst Bancshares during the 4th quarter valued at $19,639,000. Stonegate Investment Group LLC boosted its position in ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after purchasing an additional 112,521 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock valued at $83,466,000 after purchasing an additional 108,088 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of SFBS traded up $2.23 during midday trading on Friday, hitting $74.61. The company's stock had a trading volume of 176,685 shares, compared to its average volume of 225,101. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 17.93 and a beta of 0.89. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37. The company's fifty day simple moving average is $77.79 and its two-hundred day simple moving average is $85.57.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results 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 net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal 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 paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 30.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SFBS shares. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th. Piper Sandler lowered their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

Insider Activity

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the transaction, the director now directly owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by insiders.

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.