California Public Employees Retirement System Sells 14,260 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

California Public Employees Retirement System trimmed its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,264 shares of the financial services provider's stock after selling 14,260 shares during the quarter. California Public Employees Retirement System owned approximately 0.08% of ServisFirst Bancshares worth $2,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in shares of ServisFirst Bancshares during the fourth quarter worth approximately $409,000. Xponance Inc. bought a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $205,000. Mackenzie Financial Corp bought a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $207,000. Strs Ohio raised its position in ServisFirst Bancshares by 38.5% during the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 500 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $1,632,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SFBS. Piper Sandler lifted their price target on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. StockNews.com raised shares of ServisFirst Bancshares to a "sell" rating in a research report on Tuesday, January 23rd.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock traded up $0.59 during midday trading on Monday, hitting $63.42. The company had a trading volume of 128,008 shares, compared to its average volume of 184,338. The business's 50 day simple moving average is $62.54 and its two-hundred day simple moving average is $60.10. The stock has a market cap of $3.46 billion, a PE ratio of 17.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. ServisFirst Bancshares, Inc. has a 1-year low of $39.27 and a 1-year high of $70.84.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.89%. ServisFirst Bancshares's payout ratio is 32.88%.

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.