ProShare Advisors LLC grew its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,281 shares of the financial services provider's stock after acquiring an additional 4,707 shares during the quarter. ProShare Advisors LLC's holdings in ServisFirst Bancshares were worth $1,295,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of SFBS. Norges Bank acquired a new position in shares of ServisFirst Bancshares during the fourth quarter valued at about $47,456,000. Victory Capital Management Inc. raised its position in ServisFirst Bancshares by 106.4% during the 4th quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock worth $72,684,000 after buying an additional 442,225 shares during the last quarter. Raymond James Financial Inc. purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $19,639,000. Stonegate Investment Group LLC raised its position in ServisFirst Bancshares by 13.5% during the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after buying an additional 112,521 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $5,859,000. Institutional investors and hedge funds own 67.31% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Piper Sandler reduced their price target on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.
View Our Latest Research Report on SFBS
ServisFirst Bancshares Stock Performance
Shares of NYSE SFBS traded up $1.25 during midday trading on Tuesday, reaching $74.25. 10,904 shares of the stock were exchanged, compared to its average volume of 226,365. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 17.81 and a beta of 0.83. ServisFirst Bancshares, Inc. has a twelve month low of $58.51 and a twelve month high of $101.37. The firm has a 50-day simple moving average of $74.57 and a two-hundred day simple moving average of $84.29. 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 issued its quarterly earnings data 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 firm had revenue of $131.83 million for 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 period in the previous year, the business earned $0.94 EPS. As a group, analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.
ServisFirst Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.80%. ServisFirst Bancshares's payout ratio is 30.45%.
About ServisFirst Bancshares
(
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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