Kayne Anderson Rudnick Investment Management LLC Sells 202,332 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Kayne Anderson Rudnick Investment Management LLC lessened its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,477,804 shares of the financial services provider's stock after selling 202,332 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 4.54% of ServisFirst Bancshares worth $209,969,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of ServisFirst Bancshares in the 4th quarter worth $30,000. R Squared Ltd purchased a new stake in ServisFirst Bancshares in the 4th quarter worth approximately $69,000. Sterling Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,051 shares during the last quarter. Smartleaf Asset Management LLC increased its position in ServisFirst Bancshares by 169.0% during the fourth 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. Finally, KBC Group NV raised its holdings in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after buying an additional 800 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Trading Down 0.6%

NYSE SFBS traded down $0.48 during trading hours on Friday, hitting $74.41. The company's stock had a trading volume of 50,775 shares, compared to its average volume of 226,602. The stock has a fifty day moving average of $74.08 and a 200 day moving average of $83.99. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a twelve month low of $58.51 and a twelve month high of $101.37. The firm has a market capitalization of $4.06 billion, a P/E ratio of 17.92 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results 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). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the business posted $0.94 earnings per share. Equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.80%. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

Wall Street Analyst Weigh In

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

ServisFirst Bancshares Company 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.