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

GAMMA Investing LLC grew its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 2,878.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,337 shares of the financial services provider's stock after acquiring an additional 135,626 shares during the quarter. GAMMA Investing LLC owned 0.26% of ServisFirst Bancshares worth $11,592,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of ServisFirst Bancshares by 0.8% during the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock valued at $1,274,000 after buying an additional 123 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of ServisFirst Bancshares by 3.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after buying an additional 126 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock valued at $1,749,000 after buying an additional 138 shares in the last quarter. HighTower Advisors LLC grew its position in shares of ServisFirst Bancshares by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock worth $4,522,000 after buying an additional 177 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in shares of ServisFirst Bancshares by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,308 shares of the financial services provider's stock worth $450,000 after acquiring an additional 220 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 report on Tuesday, April 22nd.

ServisFirst Bancshares Stock Up 1.1%

Shares of SFBS traded up $0.81 on Tuesday, hitting $76.06. 136,164 shares of the stock traded hands, compared to its average volume of 227,433. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37. The company has a market capitalization of $4.15 billion, a PE ratio of 18.28 and a beta of 0.85. The business has a 50 day simple moving average of $72.96 and a 200 day simple moving average of $82.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

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

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

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.