ServisFirst Bancshares, Inc. $SFBS Stock Holdings Lifted by Diversified Trust Co

Key Points

• Diversified Trust Co increased its holdings in ServisFirst Bancshares by 16.3%, now owning 22,086 shares worth approximately $1.7 million.
• ServisFirst Bancshares recently declared a quarterly dividend of $0.335 per share, representing an annualized dividend yield of 1.6%.
• CEO Thomas A. Broughton sold 22,206 shares at an average price of $87.99, reducing his ownership stake by 3.61%.

Diversified Trust Co raised its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,086 shares of the financial services provider's stock after purchasing an additional 3,097 shares during the period. Diversified Trust Co's holdings in ServisFirst Bancshares were worth $1,712,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KBC Group NV raised its position in ServisFirst Bancshares by 6.0% in the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 140 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in shares of ServisFirst Bancshares by 1.8% in the first quarter. Arcus Capital Partners LLC now owns 9,007 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 156 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of ServisFirst Bancshares by 5.6% in the 2nd quarter. Moody National Bank Trust Division now owns 3,000 shares of the financial services provider's stock valued at $233,000 after purchasing an additional 160 shares in the last quarter. Xponance Inc. lifted its stake in shares of ServisFirst Bancshares by 5.1% in the first quarter. Xponance Inc. now owns 3,825 shares of the financial services provider's stock valued at $316,000 after purchasing an additional 185 shares during the period. Finally, Quarry LP lifted its stake in shares of ServisFirst Bancshares by 52.8% in the first quarter. Quarry LP now owns 544 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Price Performance

Shares of NYSE SFBS traded down $1.28 on Monday, hitting $82.96. The company's stock had a trading volume of 171,703 shares, compared to its average volume of 250,283. ServisFirst Bancshares, Inc. has a 12-month low of $66.48 and a 12-month high of $101.37. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50 day moving average of $83.17 and a 200-day moving average of $78.56.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $140.26 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 1st. ServisFirst Bancshares's payout ratio is currently 29.32%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the company 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, the company currently has an average rating of "Hold" and a consensus target price of $90.50.

Insider Activity at ServisFirst Bancshares

In other news, CEO Thomas A. Broughton sold 22,206 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $87.99, for a total transaction of $1,953,905.94. Following the completion of the transaction, the chief executive officer owned 592,588 shares of the company's stock, valued at $52,141,818.12. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by corporate insiders.

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.