OMERS ADMINISTRATION Corp Invests $297,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

OMERS ADMINISTRATION Corp purchased a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,500 shares of the financial services provider's stock, valued at approximately $297,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in ServisFirst Bancshares during the fourth quarter worth about $47,456,000. Victory Capital Management Inc. raised its holdings in ServisFirst Bancshares by 106.4% during the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock valued at $72,684,000 after buying an additional 442,225 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ServisFirst Bancshares during the 4th quarter worth about $19,639,000. Stonegate Investment Group LLC increased its stake in ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock valued at $80,280,000 after acquiring an additional 112,521 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of ServisFirst Bancshares in the 4th quarter worth approximately $5,859,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

ServisFirst Bancshares Price Performance

Shares of SFBS stock traded down $0.52 during trading on Friday, hitting $72.96. The company had a trading volume of 217,026 shares, compared to its average volume of 227,218. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $3.98 billion, a P/E ratio of 17.54 and a beta of 0.83. The stock's 50-day moving average price is $74.77 and its 200 day moving average price is $84.45. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share 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 business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.84%. ServisFirst Bancshares's payout ratio is 30.45%.

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.