ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC trimmed its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,459 shares of the financial services provider's stock after selling 13,444 shares during the period. Voloridge Investment Management LLC owned 0.07% of ServisFirst Bancshares worth $3,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quarry LP acquired a new stake in ServisFirst Bancshares in the 4th quarter worth about $30,000. R Squared Ltd acquired a new stake in ServisFirst Bancshares in the 4th quarter worth about $69,000. Sterling Capital Management LLC boosted its holdings 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 worth $101,000 after buying an additional 1,051 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the last quarter. Finally, KBC Group NV boosted its holdings in ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after buying an additional 800 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler lowered their price objective 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 Price Performance

Shares of ServisFirst Bancshares stock traded down $0.46 on Friday, hitting $74.42. 205,866 shares of the company were exchanged, compared to its average volume of 227,204. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 17.89 and a beta of 0.83. The company has a 50-day moving average price of $74.08 and a 200 day moving average price of $83.99. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results 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). The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, sell-side analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

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.