Inspire Advisors LLC Invests $666,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Key Points

• Inspire Advisors LLC has acquired a new stake in ServisFirst Bancshares, purchasing 8,059 shares valued at approximately $666,000 during the first quarter of the year.
• Wall Street analysts have raised the price target for ServisFirst Bancshares from $84.00 to $90.00 and rated the stock as "neutral."
• The company announced a quarterly dividend of $0.335 per share, representing an annualized dividend of $1.34 with a yield of 1.65%.

Inspire Advisors LLC bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,059 shares of the financial services provider's stock, valued at approximately $666,000.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of ServisFirst Bancshares during the fourth quarter worth approximately $30,000. Sterling Capital Management LLC raised its stake 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 acquiring an additional 1,051 shares in the last quarter. KBC Group NV raised its stake in 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 acquiring an additional 140 shares in the last quarter. Advisors Capital Management LLC bought a new stake in shares of ServisFirst Bancshares during the fourth quarter worth $210,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of ServisFirst Bancshares during the fourth quarter worth $219,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Trading Down 1.2%

Shares of NYSE:SFBS traded down $0.95 during mid-day trading on Thursday, reaching $78.90. The stock had a trading volume of 95,470 shares, compared to its average volume of 233,381. The firm has a 50 day simple moving average of $77.76 and a two-hundred day simple moving average of $80.15. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $101.37. The firm has a market cap of $4.31 billion, a PE ratio of 17.26 and a beta of 0.84. 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 (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, topping the consensus estimate of $1.20 by $0.01. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. The business had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the firm earned $0.95 EPS. On average, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's payout ratio is 29.32%.

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.