Deutsche Bank AG grew its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,173 shares of the financial services provider's stock after purchasing an additional 14,768 shares during the period. Deutsche Bank AG owned about 0.08% of ServisFirst Bancshares worth $3,828,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of ServisFirst Bancshares by 150.6% during the 3rd quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock worth $8,101,000 after acquiring an additional 60,517 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of ServisFirst Bancshares by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider's stock worth $1,150,000 after acquiring an additional 2,080 shares during the period. HB Wealth Management LLC lifted its position in shares of ServisFirst Bancshares by 5.9% during the 4th quarter. HB Wealth Management LLC now owns 19,112 shares of the financial services provider's stock worth $1,620,000 after buying an additional 1,063 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of ServisFirst Bancshares by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,621 shares of the financial services provider's stock worth $561,000 after buying an additional 1,014 shares during the period. Finally, Cottonwood Capital Advisors LLC increased its holdings in ServisFirst Bancshares by 13.7% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 378 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Piper Sandler decreased their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.
Get Our Latest Research Report on ServisFirst Bancshares
ServisFirst Bancshares Stock Performance
SFBS stock opened at $76.44 on Tuesday. The business's 50-day moving average price is $75.44 and its two-hundred day moving average price is $84.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.17 billion, a PE ratio of 18.38 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year 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). The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, research analysts forecast 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, April 9th. Investors of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.
ServisFirst Bancshares Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding SFBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report).
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