JARISLOWSKY FRASER Ltd Decreases Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

JARISLOWSKY FRASER Ltd decreased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,675 shares of the financial services provider's stock after selling 63,689 shares during the period. JARISLOWSKY FRASER Ltd owned approximately 0.58% of ServisFirst Bancshares worth $25,795,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in ServisFirst Bancshares by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock valued at $1,274,000 after acquiring an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in ServisFirst Bancshares by 3.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after buying an additional 126 shares during the period. Precision Wealth Strategies LLC increased its holdings in shares of ServisFirst Bancshares by 1.8% during the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock valued at $622,000 after acquiring an additional 133 shares in the last quarter. Bank of Montreal Can raised its position in ServisFirst Bancshares by 0.7% in the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock valued at $1,749,000 after buying an additional 138 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in ServisFirst Bancshares by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock valued at $4,522,000 after buying an additional 177 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler reduced 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 Price Performance

NYSE SFBS traded down $0.77 during trading hours on Friday, hitting $77.19. The company had a trading volume of 185,525 shares, compared to its average volume of 225,501. The firm has a 50 day simple moving average of $75.62 and a 200 day simple moving average of $85.00. 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 52 week low of $58.51 and a 52 week high of $101.37. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data 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 net margin of 23.16% and a return on equity of 14.81%. The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same quarter last year, the business posted $0.94 earnings per share. Equities research 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. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.74%. ServisFirst Bancshares's payout ratio is currently 30.45%.

ServisFirst Bancshares Company 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.