Envestnet Asset Management Inc. Acquires 11,194 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Envestnet Asset Management Inc. lifted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,414 shares of the financial services provider's stock after purchasing 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 have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of ServisFirst Bancshares by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock valued at $484,249,000 after acquiring an additional 25,956 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of ServisFirst Bancshares by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,056,878 shares of the financial services provider's stock valued at $87,298,000 after purchasing an additional 3,405 shares in the last quarter. Northern Trust Corp boosted its stake in shares of ServisFirst Bancshares by 6.6% in the 4th quarter. Northern Trust Corp now owns 632,066 shares of the financial services provider's stock valued at $53,561,000 after purchasing an additional 38,916 shares in the last quarter. Norges Bank acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at approximately $47,456,000. Finally, Bragg Financial Advisors Inc boosted its stake in shares of ServisFirst Bancshares by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 411,969 shares of the financial services provider's stock valued at $34,910,000 after purchasing an additional 2,238 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Trading Up 1.1%

SFBS stock traded up $0.90 during midday trading on Tuesday, hitting $83.36. The company had a trading volume of 435,616 shares, compared to its average volume of 229,084. 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, Inc. has a 52 week low of $66.48 and a 52 week high of $101.37. The stock's 50 day moving average price is $77.11 and its 200 day moving average price is $80.20. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 18.24 and a beta of 0.84.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $132.11 million during the quarter, compared to the consensus estimate of $140.26 million. ServisFirst Bancshares had a return on equity of 15.72% and a net margin of 24.62%. During the same quarter in the prior year, the company earned $0.95 earnings per share. As a group, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company 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 annualized dividend and a yield of 1.61%. ServisFirst Bancshares's payout ratio is 29.32%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday.

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.