ProShare Advisors LLC Increases Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

ProShare Advisors LLC increased its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in ServisFirst Bancshares by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock worth $484,249,000 after acquiring an additional 25,956 shares during the period. Principal Financial Group Inc. raised its stake in shares of ServisFirst Bancshares by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after buying an additional 15,916 shares during the period. Stonegate Investment Group LLC raised its stake in shares of ServisFirst Bancshares by 13.5% in 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 buying an additional 112,521 shares during the period. Victory Capital Management Inc. raised its stake in shares of ServisFirst Bancshares by 106.4% in 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 during the period. Finally, Northern Trust Corp raised its stake in shares of ServisFirst Bancshares by 6.6% in the fourth quarter. Northern Trust Corp now owns 632,066 shares of the financial services provider's stock valued at $53,561,000 after buying an additional 38,916 shares during the period. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Performance

Shares of SFBS traded down $0.52 during mid-day trading on Friday, hitting $72.96. The stock had a trading volume of 217,026 shares, compared to its average volume of 227,218. The firm has a market cap of $3.98 billion, a P/E ratio of 17.54 and a beta of 0.83. The business has a fifty day moving average price of $74.77 and a 200-day moving average price of $84.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 52 week low of $58.51 and a 52 week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released 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). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 1.84%. ServisFirst Bancshares's payout ratio is 30.45%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price 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.

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.