Jefferies Financial Group Inc. Has $1.21 Million Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Jefferies Financial Group Inc. lowered its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,250 shares of the financial services provider's stock after selling 3,473 shares during the quarter. Jefferies Financial Group Inc.'s holdings in ServisFirst Bancshares were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GTS Securities LLC acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at approximately $225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ServisFirst Bancshares by 36.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,153 shares of the financial services provider's stock valued at $8,148,000 after purchasing an additional 25,785 shares during the period. Waverly Advisors LLC increased its position in ServisFirst Bancshares by 1.0% during the 4th quarter. Waverly Advisors LLC now owns 146,748 shares of the financial services provider's stock valued at $12,435,000 after purchasing an additional 1,493 shares during the period. Twinbeech Capital LP acquired a new stake in ServisFirst Bancshares during the 4th quarter valued at approximately $3,391,000. Finally, Rafferty Asset Management LLC increased its position in ServisFirst Bancshares by 7.8% during the 4th quarter. Rafferty Asset Management LLC now owns 40,438 shares of the financial services provider's stock valued at $3,427,000 after purchasing an additional 2,911 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Down 1.5%

NYSE:SFBS traded down $1.12 on Monday, reaching $73.31. 246,490 shares of the stock traded hands, compared to its average volume of 227,985. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 17.62 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The company's 50 day moving average is $73.68 and its 200-day moving average is $83.53.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period last year, the business earned $0.94 EPS. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) 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.