Butensky & Cohen Financial Security Inc. Purchases New Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Butensky & Cohen Financial Security Inc. bought a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,810 shares of the financial services provider's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SFBS. Quarry LP bought a new position in ServisFirst Bancshares during the fourth quarter valued at $30,000. Sterling Capital Management LLC lifted its stake in 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 valued at $101,000 after buying an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 acquiring an additional 747 shares during the period. Advisors Capital Management LLC acquired a new position in ServisFirst Bancshares during the fourth quarter worth $210,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $219,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ServisFirst Bancshares Trading Up 1.1%

ServisFirst Bancshares stock traded up $0.81 during midday trading on Tuesday, hitting $76.06. 136,164 shares of the stock were exchanged, compared to its average volume of 227,433. The company has a fifty day simple moving average of $72.96 and a two-hundred day simple moving average of $82.80. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.15 billion, a PE ratio of 18.28 and a beta of 0.85. ServisFirst Bancshares, Inc. has a 52 week low of $58.51 and a 52 week high of $101.37.

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). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the firm posted $0.94 EPS. Equities research analysts anticipate 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, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 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.