Deutsche Bank AG Reduces Stock Position in ServisFirst Bancshares, Inc. $SFBS

Key Points

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Deutsche Bank AG lessened its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,778 shares of the financial services provider's stock after selling 3,395 shares during the period. Deutsche Bank AG owned 0.08% of ServisFirst Bancshares worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $30,000. Sterling Capital Management LLC raised its holdings 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 valued at $101,000 after buying an additional 1,051 shares during the last quarter. KBC Group NV raised its holdings 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 valued at $204,000 after buying an additional 140 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $219,000. Finally, GTS Securities LLC purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $225,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

NYSE SFBS traded up $5.5280 during trading hours on Friday, hitting $88.3580. 300,927 shares of the stock were exchanged, compared to its average volume of 199,287. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.33 and a beta of 0.85. ServisFirst Bancshares, Inc. has a 12-month low of $66.48 and a 12-month high of $101.37. The stock has a 50-day moving average of $79.95 and a 200 day moving average of $79.09. 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 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. The firm had revenue of $132.11 million during the quarter, compared to analysts' expectations of $140.26 million. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio is currently 29.32%.

Wall Street Analyst Weigh In

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

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.