Teacher Retirement System of Texas Decreases Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

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

Several other hedge funds also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its position in shares of ServisFirst Bancshares by 3.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 126 shares in the last quarter. Bank of Montreal Can grew its position 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 valued at $1,749,000 after purchasing an additional 138 shares in the last quarter. KBC Group NV grew its position in shares of ServisFirst Bancshares by 6.0% in the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 140 shares in the last quarter. HighTower Advisors LLC grew its position 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 valued at $4,522,000 after purchasing an additional 177 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of ServisFirst Bancshares by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,308 shares of the financial services provider's stock valued at $450,000 after purchasing an additional 220 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Price Performance

NYSE:SFBS traded up $1.96 during trading hours on Thursday, hitting $83.18. 259,100 shares of the company's stock traded hands, compared to its average volume of 228,992. The firm has a market cap of $4.54 billion, a P/E ratio of 18.91 and a beta of 0.84. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $101.37. The business's fifty day simple moving average is $76.86 and its two-hundred day simple moving average is $80.28. 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 (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. During the same period in the prior year, the business posted $0.94 EPS. On average, research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio is 30.45%.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

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.