Natixis Advisors LLC Has $1.80 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Key Points

• Natixis Advisors LLC increased its stake in ServisFirst Bancshares by 32.4%, acquiring an additional 5,328 shares, bringing their total holdings to 21,772 shares valued at approximately $1.8 million.
• ServisFirst Bancshares has a market capitalization of $4.22 billion, with a current stock price of $77.33, reflecting a slight increase of 0.8%.
• The company recently announced a quarterly dividend of $0.335 per share, resulting in an annualized dividend yield of 1.7%.

Natixis Advisors LLC raised its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 32.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,772 shares of the financial services provider's stock after purchasing an additional 5,328 shares during the quarter. Natixis Advisors LLC's holdings in ServisFirst Bancshares were worth $1,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of ServisFirst Bancshares in the 4th quarter worth about $19,639,000. Victory Capital Management Inc. lifted its position in shares of ServisFirst Bancshares by 25.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,072,614 shares of the financial services provider's stock worth $88,598,000 after buying an additional 214,879 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ServisFirst Bancshares by 2,878.9% in the 1st quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider's stock worth $11,592,000 after buying an additional 135,626 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of ServisFirst Bancshares during the fourth quarter worth about $5,859,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of ServisFirst Bancshares by 340.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 67,640 shares of the financial services provider's stock worth $5,732,000 after acquiring an additional 52,294 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd.

ServisFirst Bancshares Price Performance

SFBS stock traded up $1.52 during trading hours on Wednesday, hitting $83.08. 42,206 shares of the stock traded hands, compared to its average volume of 232,751. The stock has a 50-day simple moving average of $78.52 and a 200 day simple moving average of $79.51. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $101.37. The company has a market cap of $4.54 billion, a P/E ratio of 18.18 and a beta of 0.85. 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 announced its earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%. During the same period in the previous year, the firm earned $0.95 earnings per share. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, July 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio (DPR) 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.