UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 25,785 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 96,153 shares of the financial services provider's stock after acquiring an additional 25,785 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of ServisFirst Bancshares worth $8,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at $30,000. R Squared Ltd bought a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at $69,000. Sterling Capital Management LLC boosted its stake 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 valued at $101,000 after purchasing an additional 1,051 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $102,000 after purchasing an additional 747 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 800 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of 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 Stock Performance

Shares of SFBS traded down $0.79 during trading hours on Wednesday, hitting $73.91. The company's stock had a trading volume of 151,499 shares, compared to its average volume of 228,089. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 17.77 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $73.36 and a two-hundred day simple moving average of $83.40. 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 posted its earnings results 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). The business had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.81%. ServisFirst Bancshares's payout ratio is 30.45%.

ServisFirst Bancshares 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.