US Bancorp DE Decreases Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Key Points

• US Bancorp DE has reduced its stake in ServisFirst Bancshares by 25.2%, now holding 12,825 shares valued at approximately $1,059,000 after selling 4,321 shares in the first quarter.
• Victory Capital Management Inc. increased its investment in ServisFirst Bancshares by 25.1%, with their holdings amounting to over $88 million following a purchase of 214,879 additional shares.
• ServisFirst Bancshares announced a quarterly dividend of $0.335 per share, representing a 1.7% dividend yield, with a payout ratio of 29.32%.

US Bancorp DE trimmed its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 25.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,825 shares of the financial services provider's stock after selling 4,321 shares during the quarter. US Bancorp DE's holdings in ServisFirst Bancshares were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP bought a new stake in ServisFirst Bancshares in the 4th quarter valued at about $30,000. Sterling Capital Management LLC increased its position in 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 buying an additional 1,051 shares in the last quarter. KBC Group NV increased its position in ServisFirst Bancshares by 6.0% in the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after buying an additional 140 shares in the last quarter. Advisors Capital Management LLC bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $210,000. Finally, Occudo Quantitative Strategies LP bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $219,000. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Down 1.2%

SFBS traded down $0.99 during midday trading on Thursday, reaching $82.84. 143,671 shares of the company were exchanged, compared to its average volume of 233,102. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 18.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company's fifty day moving average price is $78.72 and its 200 day moving average price is $79.54. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%. The company had revenue of $132.11 million during the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.335 per share. The ex-dividend date was Tuesday, July 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.6%. ServisFirst Bancshares's dividend payout ratio is currently 29.32%.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price objective on ServisFirst Bancshares from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, July 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.