Integrity Alliance LLC. Acquires 36,962 Shares of ServisFirst Bancshares, Inc. $SFBS

Key Points

• Integrity Alliance LLC opened a new position in ServisFirst Bancshares, buying 36,962 shares worth approximately $1.48 million in the third quarter.
• Other institutional investors also increased holdings; institutions collectively own 67.31% of the company’s shares.
• Analyst views are mixed but average to “Moderate Buy,” with a $46.50 target price. ServisFirst’s latest quarterly EPS of $0.80 came in below the $0.83 consensus estimate.

Integrity Alliance LLC. purchased a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,962 shares of the financial services provider's stock, valued at approximately $1,478,000.

A number of other hedge funds also recently modified their holdings of the stock. Copeland Capital Management LLC bought a new stake in ServisFirst Bancshares during the first quarter worth $54,879,000. Navigate Wealth Management LLC acquired a new stake in shares of ServisFirst Bancshares in the 1st quarter valued at $932,000. Welch Group LLC boosted its holdings in shares of ServisFirst Bancshares by 96.4% in the 3rd quarter. Welch Group LLC now owns 1,885,113 shares of the financial services provider's stock valued at $75,367,000 after purchasing an additional 925,380 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of ServisFirst Bancshares by 93.6% in the 3rd quarter. Yousif Capital Management LLC now owns 26,013 shares of the financial services provider's stock valued at $1,040,000 after purchasing an additional 12,574 shares during the last quarter. Finally, Smith Thornton Advisors LLC increased its stake in shares of ServisFirst Bancshares by 100.0% in the 3rd quarter. Smith Thornton Advisors LLC now owns 30,310 shares of the financial services provider's stock valued at $1,212,000 after purchasing an additional 15,155 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, October 2nd. Weiss Ratings raised shares of ServisFirst Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Wall Street Zen cut shares of ServisFirst Bancshares from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Raymond James Financial downgraded shares of ServisFirst Bancshares from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $50.00 to $45.00 in a research note on Tuesday, October 6th. Finally, Zacks Research lowered shares of ServisFirst Bancshares from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, ServisFirst Bancshares presently has an average rating of "Moderate Buy" and an average target price of $46.50.

ServisFirst Bancshares Stock Performance

NYSE:SFBS opened at $41.35 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. ServisFirst Bancshares, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $46.04. The company has a 50 day simple moving average of $40.83 and a two-hundred day simple moving average of $40.85. The company has a market capitalization of $4.52 billion, a PE ratio of 13.32 and a beta of 0.92.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). ServisFirst Bancshares had a return on equity of 17.66% and a net margin of 32.53%. The business had revenue of $172.93 million during the quarter, compared to the consensus estimate of $173.13 million. Research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.18 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.8%. ServisFirst Bancshares's payout ratio is currently 24.28%.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides commercial and consumer banking services to businesses, professionals and individuals.

The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.

Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.

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