Bank of America Corp DE Sells 4,095 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of America Corp DE lowered its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,069 shares of the financial services provider's stock after selling 4,095 shares during the period. Bank of America Corp DE owned approximately 0.16% of ServisFirst Bancshares worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $30,000. R Squared Ltd bought a new position in shares of ServisFirst Bancshares in the 4th quarter worth $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 buying an additional 1,051 shares during the last quarter. 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 buying an additional 747 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of ServisFirst Bancshares by 52.4% during 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 and hedge funds own 67.31% of the company's stock.

Analysts Set New Price Targets

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

ServisFirst Bancshares Trading Down 0.1%

ServisFirst Bancshares stock traded down $0.09 during trading hours on Friday, reaching $74.79. The stock had a trading volume of 4,253 shares, compared to its average volume of 226,408. The stock has a market cap of $4.08 billion, a PE ratio of 17.98 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 52 week low of $58.51 and a 52 week high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day simple moving average of $74.08 and a 200-day simple moving average of $83.99.

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

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.79%. ServisFirst Bancshares's dividend payout ratio 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.