Invesco Ltd. increased its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 139,067 shares of the financial services provider's stock after purchasing an additional 14,382 shares during the period. Invesco Ltd. owned approximately 0.25% of ServisFirst Bancshares worth $11,785,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of SFBS. R Squared Ltd acquired a new position in ServisFirst Bancshares in the 4th quarter valued at about $69,000. Smartleaf Asset Management LLC grew its holdings in shares of ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 747 shares in the last quarter. KBC Group NV grew its stake in shares of ServisFirst Bancshares by 52.4% in the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after acquiring an additional 800 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new stake in shares of ServisFirst Bancshares during the third quarter worth $234,000. Finally, Cottonwood Capital Advisors LLC increased its position in shares of ServisFirst Bancshares by 13.7% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider's stock worth $266,000 after acquiring an additional 378 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on the company. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler lowered their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a report on Tuesday.
View Our Latest Report on ServisFirst Bancshares
Insider Activity at ServisFirst Bancshares
In related news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.70% of the company's stock.
ServisFirst Bancshares Stock Performance
NYSE SFBS traded down $1.00 on Friday, reaching $70.74. The stock had a trading volume of 143,356 shares, compared to its average volume of 224,739. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $3.86 billion, a P/E ratio of 17.01 and a beta of 0.89. The business's 50-day moving average price is $79.40 and its 200 day moving average price is $85.89. ServisFirst Bancshares, Inc. has a 12-month low of $58.43 and a 12-month high of $101.37.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued 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 business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.89%. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.
About ServisFirst Bancshares
(
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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