ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 23.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,046 shares of the financial services provider's stock after selling 4,107 shares during the period. Wedge Capital Management L L P NC's holdings in ServisFirst Bancshares were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SFBS. Quarry LP bought a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at $30,000. Sterling Capital Management LLC raised its stake in shares of 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 acquiring an additional 1,051 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after buying an additional 747 shares during the period. Advisors Capital Management LLC bought a new stake in shares of ServisFirst Bancshares during the fourth quarter worth $210,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in ServisFirst Bancshares in the 4th quarter valued at about $219,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Down 1.7%

Shares of NYSE SFBS traded down $1.30 during midday trading on Friday, hitting $72.99. The company's stock had a trading volume of 70,419 shares, compared to its average volume of 226,736. The business's fifty day simple moving average is $73.13 and its two-hundred day simple moving average is $82.57. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 1 year low of $58.51 and a 1 year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS 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 firm had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 30.45%.

Analyst Upgrades and Downgrades

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

About ServisFirst Bancshares

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.