Charles Schwab Investment Management Inc. Has $44.56 Million Stock Holdings in ServisFirst Bancshares, Inc. $SFBS

Charles Schwab Investment Management Inc. boosted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,480 shares of the financial services provider's stock after buying an additional 18,415 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of ServisFirst Bancshares worth $44,561,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in ServisFirst Bancshares during the 4th quarter valued at about $30,000. Sterling Capital Management LLC increased 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 worth $101,000 after purchasing an additional 1,051 shares in the last quarter. KBC Group NV increased its position 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 acquiring an additional 140 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of ServisFirst Bancshares during the fourth quarter valued at $219,000. Finally, GTS Securities LLC purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $225,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Performance

SFBS traded down $0.11 during midday trading on Thursday, reaching $82.92. The company's stock had a trading volume of 54,579 shares, compared to its average volume of 230,268. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.53 billion, a P/E ratio of 18.15 and a beta of 0.85. The company has a fifty day simple moving average of $79.45 and a 200 day simple moving average of $79.24. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. The company had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the business posted $0.95 EPS. Research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, July 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.6%. ServisFirst Bancshares's payout ratio is currently 29.32%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on ServisFirst Bancshares from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $90.50.

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.