ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,414 shares of the financial services provider's stock after buying an additional 11,194 shares during the quarter. Envestnet Asset Management Inc. owned 0.30% of ServisFirst Bancshares worth $13,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $30,000. Sterling Capital Management LLC grew its position in 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 worth $101,000 after acquiring an additional 1,051 shares during the period. KBC Group NV grew its position in 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 during the period. Advisors Capital Management LLC purchased a new position in ServisFirst Bancshares in the fourth quarter worth approximately $210,000. Finally, Occudo Quantitative Strategies LP purchased a new position in ServisFirst Bancshares in the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Stock Up 0.0%

NYSE:SFBS traded up $0.01 during midday trading on Friday, reaching $82.99. The company had a trading volume of 188,963 shares, compared to its average volume of 228,189. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.86 and a beta of 0.84. The stock's fifty day simple moving average is $77.03 and its 200-day simple moving average is $80.24. ServisFirst Bancshares, Inc. has a 12-month low of $66.48 and a 12-month 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.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 15.11% and a net margin of 24.16%. The business had revenue of $131.83 million for the quarter, compared to analysts' expectations of $134.13 million. During the same period last year, the firm earned $0.94 earnings per share. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 30.45%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

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.