Federated Hermes Inc. Buys 4,951 Shares of 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 stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,088 shares of the financial services provider's stock after buying an additional 4,951 shares during the period. Federated Hermes Inc. owned about 0.14% of ServisFirst Bancshares worth $6,120,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at about $30,000. Sterling Capital Management LLC boosted its holdings in ServisFirst Bancshares by 761.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after buying an additional 1,051 shares during the last quarter. KBC Group NV raised its position 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 worth $204,000 after purchasing an additional 140 shares during the period. Advisors Capital Management LLC acquired a new position in shares of ServisFirst Bancshares during the 4th quarter worth approximately $210,000. Finally, Occudo Quantitative Strategies LP bought a new stake in ServisFirst Bancshares in the 4th quarter valued at $219,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Price Performance

Shares of SFBS stock traded down $0.77 during trading hours on Thursday, hitting $76.83. The stock had a trading volume of 63,124 shares, compared to its average volume of 233,083. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 16.83 and a beta of 0.85. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $101.37. 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's 50-day moving average price is $78.20 and its two-hundred day moving average price is $79.86.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $132.11 million during the quarter, compared to analyst estimates of $140.26 million. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%. During the same quarter last year, the business posted $0.95 EPS. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

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

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.