Independent Advisor Alliance Invests $430,000 in ServisFirst Bancshares, Inc. $SFBS

Key Points

• Independent Advisor Alliance acquired 5,208 shares of ServisFirst Bancshares, Inc., valued at around $430,000, signaling increasing institutional interest in the company.
• ServisFirst Bancshares reported a quarterly EPS of $1.21, exceeding analyst estimates by $0.01, although its revenue fell short of expectations.
• The company declared a quarterly dividend of $0.335, reflecting a 1.6% dividend yield and indicating a stable financial position with a payout ratio of 29.32%.

Independent Advisor Alliance acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,208 shares of the financial services provider's stock, valued at approximately $430,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $30,000. Sterling Capital Management LLC boosted its position in ServisFirst Bancshares by 761.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,051 shares during the period. KBC Group NV boosted its position in ServisFirst Bancshares by 6.0% during the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after purchasing an additional 140 shares during the period. Advisors Capital Management LLC bought a new position in ServisFirst Bancshares during the fourth quarter worth about $210,000. Finally, Occudo Quantitative Strategies LP bought a new position in ServisFirst Bancshares during the fourth quarter worth about $219,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $90.50.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock traded up $0.07 during mid-day trading on Tuesday, hitting $81.94. 19,898 shares of the company traded hands, compared to its average volume of 230,729. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $101.37. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 17.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $79.17 and a 200-day moving average price of $79.19.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. The business had revenue of $132.11 million during the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the business posted $0.95 earnings per share. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, July 1st were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 1st. ServisFirst Bancshares's payout ratio is presently 29.32%.

ServisFirst Bancshares Company 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.