Rhumbline Advisers Lowers Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Rhumbline Advisers cut its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 138,024 shares of the financial services provider's stock after selling 4,920 shares during the period. Rhumbline Advisers owned approximately 0.25% of ServisFirst Bancshares worth $11,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SFBS. GAMMA Investing LLC lifted its holdings in shares of ServisFirst Bancshares by 2,878.9% during the first quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider's stock valued at $11,592,000 after purchasing an additional 135,626 shares in the last quarter. GTS Securities LLC purchased a new position in ServisFirst Bancshares in the 4th quarter worth about $225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ServisFirst Bancshares by 36.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,153 shares of the financial services provider's stock valued at $8,148,000 after acquiring an additional 25,785 shares during the period. Waverly Advisors LLC boosted its holdings in shares of ServisFirst Bancshares by 1.0% during the 4th quarter. Waverly Advisors LLC now owns 146,748 shares of the financial services provider's stock valued at $12,435,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $3,391,000. Institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

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

ServisFirst Bancshares Stock Performance

Shares of SFBS stock traded down $1.41 on Friday, reaching $72.88. The stock had a trading volume of 19,450 shares, compared to its average volume of 226,521. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a 1 year low of $58.51 and a 1 year high of $101.37. The stock has a market cap of $3.98 billion, a P/E ratio of 17.56 and a beta of 0.85. The company has a 50 day simple moving average of $73.13 and a 200 day simple moving average of $82.57.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) 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 firm had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. During the same period in the previous year, the business posted $0.94 earnings per share. Equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.84%. ServisFirst Bancshares's dividend payout ratio (DPR) is 30.45%.

About ServisFirst Bancshares

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.