ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC cut its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 939,118 shares of the financial services provider's stock after selling 8,249 shares during the quarter. ServisFirst Bancshares comprises 2.1% of Stonegate Investment Group LLC's portfolio, making the stock its 16th biggest position. Stonegate Investment Group LLC owned about 1.72% of ServisFirst Bancshares worth $77,571,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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 valued at $484,249,000 after purchasing an additional 25,956 shares during the period. Victory Capital Management Inc. increased its stake 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 period. Northern Trust Corp lifted its holdings in ServisFirst Bancshares by 6.6% in the 4th quarter. Northern Trust Corp now owns 632,066 shares of the financial services provider's stock worth $53,561,000 after buying an additional 38,916 shares in the last quarter. Norges Bank acquired a new position in shares of ServisFirst Bancshares in the fourth quarter worth about $47,456,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ServisFirst Bancshares by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock worth $44,155,000 after acquiring an additional 29,247 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Up 1.1%

Shares of SFBS traded up $0.81 during midday trading on Tuesday, hitting $77.02. The company had a trading volume of 281,063 shares, compared to its average volume of 230,310. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 17.51 and a beta of 0.85. The company's 50 day moving average price is $73.53 and its 200 day moving average price is $81.27. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. 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 earnings results 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). ServisFirst Bancshares had a return on equity of 15.11% and a net margin of 24.16%. The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. During the same period in the prior year, the business earned $0.94 EPS. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio is presently 30.45%.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a report 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.