Victory Capital Management Inc. grew its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 25.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,072,614 shares of the financial services provider's stock after buying an additional 214,879 shares during the period. Victory Capital Management Inc. owned 1.96% of ServisFirst Bancshares worth $88,598,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SFBS. Quarry LP purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter worth approximately $30,000. Sterling Capital Management LLC grew 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 acquiring an additional 1,051 shares during the last quarter. KBC Group NV grew 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 acquiring an additional 140 shares during the last quarter. Advisors Capital Management LLC bought a new position in shares of ServisFirst Bancshares during the 4th quarter worth $210,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of ServisFirst Bancshares during the 4th quarter worth $219,000. 67.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Piper Sandler dropped their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.
View Our Latest Research Report on ServisFirst Bancshares
ServisFirst Bancshares Stock Up 0.0%
ServisFirst Bancshares stock traded up $0.01 during midday trading on Friday, reaching $82.99. The company's stock had a trading volume of 188,963 shares, compared to its average volume of 228,189. The stock's 50-day simple moving average is $77.03 and its 200-day simple moving average is $80.24. 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, Inc. has a 52-week low of $66.48 and a 52-week high of $101.37. The stock has a market capitalization of $4.53 billion, a P/E ratio of 18.86 and a beta of 0.84.
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 analysts' consensus estimates of $1.18 by ($0.02). The firm had revenue of $131.83 million during the quarter, compared to analyst estimates 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 company posted $0.94 earnings per share. On average, sell-side 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. Investors of record on Tuesday, July 1st were issued 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 (DPR) is 30.45%.
ServisFirst Bancshares Profile
(
Free Report)
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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