Teacher Retirement System of Texas Has $1.09 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Teacher Retirement System of Texas cut its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,141 shares of the financial services provider's stock after selling 3,356 shares during the period. Teacher Retirement System of Texas' holdings in ServisFirst Bancshares were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in ServisFirst Bancshares in the fourth quarter valued at about $30,000. Sterling Capital Management LLC lifted its position in shares of ServisFirst Bancshares by 761.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,051 shares in the last quarter. KBC Group NV lifted its position in shares of ServisFirst Bancshares by 6.0% during the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after purchasing an additional 140 shares in the last quarter. Advisors Capital Management LLC acquired a new position in shares of ServisFirst Bancshares during the fourth quarter worth approximately $210,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of ServisFirst Bancshares during the fourth quarter worth approximately $219,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Down 0.7%

Shares of NYSE SFBS opened at $82.03 on Monday. The company's 50 day simple moving average is $76.23 and its 200 day simple moving average is $80.32. ServisFirst Bancshares, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $101.37. The firm has a market capitalization of $4.48 billion, a P/E ratio of 18.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data 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). ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. The business had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, July 1st. ServisFirst Bancshares's payout ratio is presently 30.45%.

Analysts Set New Price Targets

Separately, Piper Sandler reduced 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 report on Tuesday, April 22nd.

ServisFirst Bancshares Company 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.

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