Ameriprise Financial Inc. Has $9.89 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Ameriprise Financial Inc. decreased its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,725 shares of the financial services provider's stock after selling 7,973 shares during the period. Ameriprise Financial Inc. owned 0.21% of ServisFirst Bancshares worth $9,891,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in ServisFirst Bancshares in the fourth quarter worth $30,000. R Squared Ltd bought a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $69,000. Sterling Capital Management LLC increased its holdings in shares of ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after acquiring an additional 1,051 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after acquiring an additional 747 shares during the period. Finally, KBC Group NV lifted its position in ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock traded down $0.52 during mid-day trading on Friday, hitting $72.96. 217,026 shares of the company's stock traded hands, compared to its average volume of 227,218. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37. The firm has a 50 day moving average price of $74.77 and a 200 day moving average price of $84.45. The company has a market cap of $3.98 billion, a PE ratio of 17.54 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period last year, the business posted $0.94 earnings per share. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were given a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.84%. ServisFirst Bancshares's dividend payout ratio (DPR) is 30.45%.

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.