Federated Hermes Inc. Acquires Shares of 69,137 ServisFirst Bancshares, Inc. (NYSE:SFBS)

Federated Hermes Inc. acquired a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 69,137 shares of the financial services provider's stock, valued at approximately $5,859,000. Federated Hermes Inc. owned approximately 0.13% of ServisFirst Bancshares at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in ServisFirst Bancshares by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock valued at $484,249,000 after purchasing an additional 25,956 shares during the last quarter. State Street Corp boosted its position in ServisFirst Bancshares by 2.6% during the 3rd quarter. State Street Corp now owns 2,377,138 shares of the financial services provider's stock worth $191,241,000 after acquiring an additional 60,683 shares during the period. Geode Capital Management LLC boosted its position in shares of ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock valued at $93,126,000 after purchasing an additional 23,555 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of ServisFirst Bancshares by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after acquiring an additional 15,916 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in shares of ServisFirst Bancshares by 13.5% during the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock valued at $80,280,000 after acquiring an additional 112,521 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

ServisFirst Bancshares Trading Down 0.7 %

SFBS traded down $0.52 during trading on Thursday, reaching $68.80. 57,741 shares of the stock traded hands, compared to its average volume of 222,500. The stock's 50-day moving average is $82.14 and its 200 day moving average is $86.29. ServisFirst Bancshares, Inc. has a 12 month low of $58.43 and a 12 month high of $101.37. 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 $3.76 billion, a PE ratio of 16.57 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. 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 firm posted $0.91 EPS. Equities analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were paid a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.95%. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 32.21%.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.40% of the company's stock.

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.