SG Americas Securities LLC Invests $991,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

SG Americas Securities LLC bought a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,993 shares of the financial services provider's stock, valued at approximately $991,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arizona State Retirement System increased its stake in ServisFirst Bancshares by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock valued at $1,274,000 after buying an additional 123 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of ServisFirst Bancshares by 3.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 126 shares in the last quarter. Bank of Montreal Can increased its stake in shares of ServisFirst Bancshares by 0.7% in the fourth quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after acquiring an additional 138 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of ServisFirst Bancshares by 0.3% in the fourth quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock worth $4,522,000 after acquiring an additional 177 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of ServisFirst Bancshares by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,308 shares of the financial services provider's stock worth $450,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

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.

ServisFirst Bancshares Stock Up 0.9%

NYSE SFBS traded up $0.65 during trading on Friday, reaching $72.97. The company's stock had a trading volume of 657,909 shares, compared to its average volume of 229,112. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.98 billion, a PE ratio of 16.58 and a beta of 0.85. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37. The business has a 50-day moving average price of $73.39 and a 200-day moving average price of $81.49.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 15.11% and a net margin of 24.16%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the company earned $0.94 EPS. On average, research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.84%. ServisFirst Bancshares's dividend payout ratio (DPR) 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.