ServisFirst Bancshares, Inc. (NYSE:SFBS) Stock Position Lowered by Welch Group LLC

Welch Group LLC trimmed its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 974,185 shares of the financial services provider's stock after selling 61,439 shares during the quarter. ServisFirst Bancshares accounts for approximately 3.5% of Welch Group LLC's investment portfolio, making the stock its largest holding. Welch Group LLC owned approximately 1.78% of ServisFirst Bancshares worth $79,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SFBS. Barclays PLC boosted its stake in ServisFirst Bancshares by 150.6% in the third quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock valued at $8,101,000 after acquiring an additional 60,517 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in ServisFirst Bancshares by 18.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,621 shares of the financial services provider's stock worth $561,000 after acquiring an additional 1,014 shares during the period. KBC Group NV lifted its stake in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 800 shares during the period. R Squared Ltd purchased a new position in shares of ServisFirst Bancshares in the 4th quarter valued at about $69,000. Finally, Precision Wealth Strategies LLC lifted its position in shares of ServisFirst Bancshares by 1.8% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock valued at $622,000 after buying an additional 133 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Trading Down 1.5%

Shares of ServisFirst Bancshares stock traded down $1.12 during trading hours on Monday, hitting $73.31. The company's stock had a trading volume of 180,253 shares, compared to its average volume of 225,660. The firm has a fifty day moving average of $73.89 and a 200-day moving average of $83.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a twelve month low of $58.51 and a twelve month high of $101.37. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 17.62 and a beta of 0.83.

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 (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter in the previous year, the business posted $0.94 EPS. Research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is currently 30.45%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

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.