ServisFirst Bancshares (NASDAQ:SFBS) Trading Down 6.9%

ServisFirst Bancshares, Inc. (NASDAQ:SFBS - Get Free Report)'s stock price fell 6.9% during mid-day trading on Wednesday . The company traded as low as $60.68 and last traded at $61.00. 56,718 shares were traded during mid-day trading, a decline of 69% from the average session volume of 180,465 shares. The stock had previously closed at $65.53.

Analysts Set New Price Targets

Several brokerages have recently commented on SFBS. StockNews.com upgraded ServisFirst Bancshares to a "sell" rating in a report on Tuesday, January 23rd. Piper Sandler upped their price objective on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th.

ServisFirst Bancshares Trading Down 8.9 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $63.37 and a two-hundred day moving average price of $58.94. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 15.76 and a beta of 0.88.

ServisFirst Bancshares (NASDAQ:SFBS - Get Free Report) last posted its earnings results on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $109.07 million for the quarter, compared to the consensus estimate of $107.00 million. ServisFirst Bancshares had a return on equity of 15.48% and a net margin of 24.52%. As a group, research analysts forecast that ServisFirst Bancshares, Inc. will post 3.51 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.01%. ServisFirst Bancshares's dividend payout ratio is presently 31.66%.

Institutional Investors Weigh In On ServisFirst Bancshares

Several large investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC lifted its stake in ServisFirst Bancshares by 9.1% in the first quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider's stock worth $298,000 after acquiring an additional 261 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of ServisFirst Bancshares by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,210 shares of the financial services provider's stock worth $172,000 after purchasing an additional 276 shares during the last quarter. Precision Wealth Strategies LLC increased its position in shares of ServisFirst Bancshares by 5.0% during the third quarter. Precision Wealth Strategies LLC now owns 7,712 shares of the financial services provider's stock worth $402,000 after purchasing an additional 367 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of ServisFirst Bancshares by 1.9% in the 4th quarter. New York State Common Retirement Fund now owns 20,800 shares of the financial services provider's stock valued at $1,386,000 after purchasing an additional 397 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of ServisFirst Bancshares by 2.6% in the 4th quarter. First Republic Investment Management Inc. now owns 16,290 shares of the financial services provider's stock valued at $1,123,000 after purchasing an additional 406 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.