Federated Hermes Inc. Increases Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Key Points

• Federated Hermes Inc. increased its holdings in ServisFirst Bancshares by 7.2% in Q1, now owning approximately 0.14% of the company, valued at $6,120,000.
• ServisFirst Bancshares reported $1.21 earnings per share for the latest quarter, slightly exceeding analyst expectations of $1.20.
• The company declared a quarterly dividend of $0.335, representing an annual yield of 1.7%, with a dividend payout ratio of 29.32%.

Federated Hermes Inc. increased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,088 shares of the financial services provider's stock after purchasing an additional 4,951 shares during the quarter. Federated Hermes Inc. owned approximately 0.14% of ServisFirst Bancshares worth $6,120,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of ServisFirst Bancshares by 6.0% during the first 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 in the last quarter. Envestnet Asset Management Inc. lifted its holdings in ServisFirst Bancshares by 7.3% during the first quarter. Envestnet Asset Management Inc. now owns 164,414 shares of the financial services provider's stock worth $13,581,000 after buying an additional 11,194 shares during the period. SG Americas Securities LLC purchased a new position in shares of ServisFirst Bancshares in the 1st quarter valued at $991,000. Bessemer Group Inc. increased its holdings in shares of ServisFirst Bancshares by 6.4% in the 1st quarter. Bessemer Group Inc. now owns 21,961 shares of the financial services provider's stock valued at $1,814,000 after acquiring an additional 1,321 shares during the period. Finally, Principal Financial Group Inc. raised its position 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 worth $87,298,000 after acquiring an additional 3,405 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their price objective on ServisFirst Bancshares from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd.

ServisFirst Bancshares Trading Down 1.6%

NYSE SFBS opened at $77.42 on Monday. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $101.37. The company has a 50 day moving average price of $77.95 and a 200 day moving average price of $79.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.23 billion, a PE ratio of 16.94 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $140.26 million. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 29.32%.

About ServisFirst Bancshares

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.

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