Victory Capital Management Inc. Has $88.60 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Victory Capital Management Inc. raised its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 25.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,072,614 shares of the financial services provider's stock after purchasing an additional 214,879 shares during the quarter. Victory Capital Management Inc. owned approximately 1.96% of ServisFirst Bancshares worth $88,598,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of ServisFirst Bancshares during the fourth quarter worth $30,000. Sterling Capital Management LLC raised its stake in ServisFirst Bancshares by 761.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,051 shares in the last quarter. KBC Group NV grew its position in 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 acquiring an additional 140 shares during the last quarter. Advisors Capital Management LLC bought a new position in ServisFirst Bancshares in the fourth quarter valued at about $210,000. Finally, Occudo Quantitative Strategies LP bought a new position in ServisFirst Bancshares in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Trading Down 0.5%

Shares of NYSE:SFBS traded down $0.42 during midday trading on Monday, hitting $82.58. 288,477 shares of the stock were exchanged, compared to its average volume of 228,430. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.86 and a beta of 0.84. 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 business's 50-day moving average price is $77.03 and its 200 day moving average price is $80.21. ServisFirst Bancshares, Inc. has a 12 month low of $66.48 and a 12 month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. ServisFirst Bancshares had a return on equity of 15.11% and a net margin of 24.16%. Analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

Analysts Set New Price Targets

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