Charles Schwab Investment Management Inc. Acquires 18,415 Shares of ServisFirst Bancshares, Inc. $SFBS

Charles Schwab Investment Management Inc. grew its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,480 shares of the financial services provider's stock after purchasing an additional 18,415 shares during the period. Charles Schwab Investment Management Inc. owned about 0.99% of ServisFirst Bancshares worth $44,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. KBC Group NV grew its position in shares of ServisFirst Bancshares by 6.0% during the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after purchasing an additional 140 shares in the last quarter. Arcus Capital Partners LLC grew its position in shares of ServisFirst Bancshares by 1.8% during the 1st quarter. Arcus Capital Partners LLC now owns 9,007 shares of the financial services provider's stock worth $744,000 after purchasing an additional 156 shares in the last quarter. Xponance Inc. grew its position in shares of ServisFirst Bancshares by 5.1% during the 1st quarter. Xponance Inc. now owns 3,825 shares of the financial services provider's stock worth $316,000 after purchasing an additional 185 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of ServisFirst Bancshares by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,308 shares of the financial services provider's stock worth $450,000 after acquiring an additional 220 shares in the last quarter. Finally, Mariner LLC boosted its position in shares of ServisFirst Bancshares by 3.4% during the 4th quarter. Mariner LLC now owns 6,787 shares of the financial services provider's stock worth $575,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ServisFirst Bancshares presently has an average rating of "Hold" and an average target price of $90.50.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock traded up $4.74 during mid-day trading on Friday, reaching $87.57. The company had a trading volume of 34,773 shares, compared to its average volume of 229,666. ServisFirst Bancshares, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $101.37. 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 company has a market cap of $4.78 billion, a P/E ratio of 19.15 and a beta of 0.85. The business has a fifty day simple moving average of $79.63 and a 200 day simple moving average of $79.20.

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

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were given a $0.335 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.5%. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 29.32%.

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.