Bank of New York Mellon Corp Sells 8,529 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of New York Mellon Corp lowered its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 455,877 shares of the financial services provider's stock after selling 8,529 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of ServisFirst Bancshares worth $37,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SFBS. Quarry LP purchased a new stake in ServisFirst Bancshares in the fourth quarter worth about $30,000. Sterling Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 761.6% in the fourth 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 in the last quarter. KBC Group NV lifted its stake in shares of ServisFirst Bancshares by 6.0% in the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after buying an additional 140 shares in the last quarter. Advisors Capital Management LLC bought a new position in shares of ServisFirst Bancshares in the fourth quarter worth approximately $210,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of ServisFirst Bancshares in the fourth quarter worth approximately $219,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Down 4.1%

Shares of NYSE SFBS traded down $3.44 during midday trading on Tuesday, hitting $79.56. The stock had a trading volume of 226,304 shares, compared to its average volume of 234,473. The company has a market cap of $4.34 billion, a P/E ratio of 18.08 and a beta of 0.84. The business's 50 day moving average is $76.23 and its 200-day moving average is $80.32. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week 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.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. During the same quarter last year, the company earned $0.94 EPS. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.68%. ServisFirst Bancshares's dividend payout ratio (DPR) is 30.45%.

Wall Street Analysts Forecast Growth

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

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.