Legal & General Group Plc Sells 4,933 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Legal & General Group Plc lowered its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,388 shares of the financial services provider's stock after selling 4,933 shares during the period. Legal & General Group Plc owned about 0.26% of ServisFirst Bancshares worth $12,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SFBS. Invesco Ltd. boosted its position in ServisFirst Bancshares by 11.5% during the fourth quarter. Invesco Ltd. now owns 139,067 shares of the financial services provider's stock valued at $11,785,000 after purchasing an additional 14,382 shares during the last quarter. Bank of Montreal Can raised its stake in shares of ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after purchasing an additional 138 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $5,859,000. Envestnet Asset Management Inc. grew its stake in shares of ServisFirst Bancshares by 4.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 153,220 shares of the financial services provider's stock valued at $12,984,000 after buying an additional 6,953 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in ServisFirst Bancshares in the fourth quarter worth approximately $1,062,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

SFBS traded down $0.18 on Tuesday, hitting $69.32. The company had a trading volume of 430,843 shares, compared to its average volume of 225,953. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 16.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The company's fifty day moving average price is $80.48 and its 200 day moving average price is $86.08. ServisFirst Bancshares, Inc. has a 1-year low of $58.43 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is currently 32.21%.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction on 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 owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFBS has been the subject of a number of analyst reports. Piper Sandler reduced their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

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.