ServisFirst Bancshares, Inc. $SFBS Position Trimmed by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP has reduced its stake in ServisFirst Bancshares, Inc. by 60.8%, owning 3,021 shares worth $249,000 after selling 4,690 shares in the 1st quarter.
• ServisFirst Bancshares recently declared a quarterly dividend of $0.335, resulting in an annualized dividend of $1.34 with a yield of 1.5%.
• The company reported $1.21 earnings per share (EPS) for the last quarter, slightly exceeding analyst expectations, despite total revenue falling below estimates.

Advantage Alpha Capital Partners LP reduced its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 60.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,021 shares of the financial services provider's stock after selling 4,690 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in ServisFirst Bancshares were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ServisFirst Bancshares during the 1st quarter valued at about $171,000. KBC Group NV increased its holdings in ServisFirst Bancshares by 6.0% during the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 140 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $219,000. Finally, GTS Securities LLC purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $225,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Down 0.5%

Shares of NYSE SFBS traded down $0.47 during trading on Thursday, reaching $88.27. 68,317 shares of the stock were exchanged, compared to its average volume of 230,812. The business's 50-day moving average price is $80.95 and its 200 day moving average price is $79.11. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $101.37. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 19.33 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, July 21st. The financial services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $140.26 million. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, July 1st. ServisFirst Bancshares's payout ratio is 29.32%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Thomas A. Broughton sold 22,206 shares of ServisFirst Bancshares stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $87.99, for a total value of $1,953,905.94. Following the completion of the sale, the chief executive officer owned 592,588 shares in the company, valued at approximately $52,141,818.12. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company's stock.

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.