ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in ServisFirst Bancshares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock worth $44,155,000 after buying an additional 29,247 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ServisFirst Bancshares by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock worth $39,354,000 after buying an additional 36,711 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in ServisFirst Bancshares during the 4th quarter worth about $1,858,000. Finally, Keybank National Association OH purchased a new stake in ServisFirst Bancshares during the 4th quarter worth about $428,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock traded up $0.02 on Thursday, hitting $73.61. The stock had a trading volume of 157,685 shares, compared to its average volume of 226,452. ServisFirst Bancshares, Inc. has a 52-week low of $58.51 and a 52-week high of $101.37. 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 has a market cap of $4.02 billion, a price-to-earnings ratio of 17.69 and a beta of 0.83. The company's 50 day moving average price is $74.97 and its 200 day moving average price is $84.69.

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

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is currently 30.45%.

Wall Street Analyst Weigh In

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

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.