Principal Financial Group Inc. raised its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,056,878 shares of the financial services provider's stock after buying an additional 3,405 shares during the quarter. Principal Financial Group Inc. owned about 1.94% of ServisFirst Bancshares worth $87,298,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of ServisFirst Bancshares in the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC grew its position in shares of 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 worth $102,000 after buying an additional 747 shares during the last quarter. Sterling Capital Management LLC grew its position 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 worth $101,000 after buying an additional 1,051 shares during the last quarter. KBC Group NV grew its position in shares of ServisFirst Bancshares by 6.0% in the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after buying an additional 140 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of ServisFirst Bancshares in the 4th quarter worth approximately $210,000. 67.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Piper Sandler lowered their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.
Get Our Latest Analysis on ServisFirst Bancshares
ServisFirst Bancshares Stock Up 1.0%
Shares of NYSE:SFBS opened at $82.89 on Friday. The stock has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $80.56. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.84 and a beta of 0.84. ServisFirst Bancshares, Inc. has a 12-month low of $60.19 and a 12-month high of $101.37. 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 quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The company had revenue of $131.83 million for the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.
ServisFirst Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, July 1st. ServisFirst Bancshares's payout ratio is 30.45%.
ServisFirst Bancshares Company Profile
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Free Report)
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.
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