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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC raised its position in ServisFirst Bancshares by 150.6% during the 3rd quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock worth $8,101,000 after buying an additional 60,517 shares during the last quarter. Janney Montgomery Scott LLC raised its position in ServisFirst Bancshares by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,621 shares of the financial services provider's stock worth $561,000 after buying an additional 1,014 shares during the last quarter. KBC Group NV raised its position in ServisFirst Bancshares by 52.4% during 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. Stonegate Investment Group LLC raised its position in ServisFirst Bancshares by 13.5% during the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after buying an additional 112,521 shares during the last quarter. Finally, R Squared Ltd purchased a new position in ServisFirst Bancshares during the 4th quarter worth $69,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price target on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS traded down $0.46 on Friday, reaching $74.42. 205,866 shares of the company were exchanged, compared to its average volume of 227,911. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37. The firm has a market cap 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 of $73.89 and a 200-day moving average of $83.68.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results 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). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same period last year, the company earned $0.94 earnings per share. Equities analysts forecast 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, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.80%. ServisFirst Bancshares's payout ratio is 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.