GAMMA Investing LLC Grows Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

GAMMA Investing LLC lifted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 2,878.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,337 shares of the financial services provider's stock after acquiring an additional 135,626 shares during the period. GAMMA Investing LLC owned 0.26% of ServisFirst Bancshares worth $11,592,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Quarry LP purchased a new position in ServisFirst Bancshares during the 4th quarter worth $30,000. Sterling Capital Management LLC grew its stake in ServisFirst Bancshares by 761.6% during the 4th 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. Smartleaf Asset Management LLC grew its stake in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the last quarter. Advisors Capital Management LLC purchased a new position in ServisFirst Bancshares during the 4th quarter worth $210,000. Finally, Occudo Quantitative Strategies LP purchased a new position in ServisFirst Bancshares during the 4th quarter worth $219,000. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped 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 Price Performance

Shares of NYSE:SFBS traded up $1.48 during midday trading on Friday, hitting $75.03. The company had a trading volume of 108,849 shares, compared to its average volume of 228,031. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 18.04 and a beta of 0.83. ServisFirst Bancshares, Inc. has a twelve month low of $58.51 and a twelve month high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business's 50-day simple moving average is $73.06 and its 200-day simple moving average is $83.13.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were given a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.79%. ServisFirst Bancshares's payout ratio is 30.45%.

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.