OMERS ADMINISTRATION Corp Takes Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

OMERS ADMINISTRATION Corp bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,500 shares of the financial services provider's stock, valued at approximately $297,000.

Other institutional investors 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 valued at $30,000. R Squared Ltd bought a new stake in ServisFirst Bancshares in the 4th quarter valued at $69,000. Smartleaf Asset Management LLC lifted its position in ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 747 shares in the last quarter. Sterling Capital Management LLC lifted its position in 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 acquiring an additional 1,051 shares in the last quarter. Finally, KBC Group NV lifted its position in ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

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

ServisFirst Bancshares Trading Up 0.0%

Shares of SFBS stock traded up $0.02 during trading hours on Thursday, hitting $73.61. 157,685 shares of the company's stock traded hands, compared to its average volume of 226,452. ServisFirst Bancshares, Inc. has a 12 month low of $58.51 and a 12 month high of $101.37. The stock's 50 day simple moving average is $74.97 and its 200 day simple moving average is $84.69. The stock has a market cap of $4.02 billion, a PE ratio of 17.69 and a beta of 0.83. 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 (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The company had revenue of $131.83 million during 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 quarter in the previous year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 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.