Natixis Advisors LLC Acquires 5,328 Shares of 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 boosted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,772 shares of the financial services provider's stock after acquiring 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 have also added to or reduced their stakes in the company. Quarry LP acquired a new position in ServisFirst Bancshares in the fourth quarter valued at about $30,000. Sterling Capital Management LLC boosted its position in ServisFirst Bancshares by 761.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after buying an additional 1,051 shares in the last quarter. KBC Group NV boosted its position in ServisFirst Bancshares by 6.0% in the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after buying an additional 140 shares in the last quarter. Advisors Capital Management LLC acquired a new position in ServisFirst Bancshares in the fourth quarter valued at about $210,000. Finally, Occudo Quantitative Strategies LP acquired a new position in ServisFirst Bancshares in the fourth quarter valued at about $219,000. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Price Performance

Shares of SFBS stock traded up $0.64 during trading hours on Friday, reaching $77.33. 133,904 shares of the company were exchanged, compared to its average volume of 219,138. ServisFirst Bancshares, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $101.37. The stock's fifty day moving average is $78.29 and its two-hundred day moving average is $79.56. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 16.92 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96.

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. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. The company had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the business earned $0.95 earnings per share. Sell-side 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 declared 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's payout ratio is 29.32%.

Wall Street Analyst Weigh In

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

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.