Envestnet Asset Management Inc. Increases Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Envestnet Asset Management Inc. grew its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,220 shares of the financial services provider's stock after purchasing an additional 6,953 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.28% of ServisFirst Bancshares worth $12,984,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SFBS. Norges Bank bought a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $47,456,000. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 442,225 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ServisFirst Bancshares during the 4th quarter valued at $19,639,000. Stonegate Investment Group LLC raised its position in ServisFirst Bancshares by 13.5% in the 4th 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. lifted its stake in 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 worth $83,466,000 after purchasing an additional 108,088 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ServisFirst Bancshares

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 directly owns 17,436 shares in the company, valued at $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SFBS has been the topic of a number of recent research reports. Piper Sandler reduced their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th.

ServisFirst Bancshares Trading Down 0.3 %

Shares of SFBS stock traded down $0.18 during mid-day trading on Tuesday, reaching $69.32. The stock had a trading volume of 430,843 shares, compared to its average volume of 225,953. 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's 50-day moving average price is $80.48 and its two-hundred day moving average price is $86.08. The firm has a market capitalization of $3.78 billion, a PE ratio of 16.66 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 52-week low of $58.43 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (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 for the quarter, compared to analysts' expectations of $134.13 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 32.21%.

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.