Principal Financial Group Inc. Decreases Stock Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Principal Financial Group Inc. reduced its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 912,769 shares of the financial services provider's stock after selling 32,068 shares during the period. Principal Financial Group Inc. owned 1.68% of ServisFirst Bancshares worth $60,818,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC bought a new stake in ServisFirst Bancshares in the 3rd quarter valued at about $1,212,000. Red Door Wealth Management LLC acquired a new stake in ServisFirst Bancshares in the fourth quarter valued at approximately $924,000. Arlington Trust Co LLC bought a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $2,847,000. Trexquant Investment LP raised its position in shares of ServisFirst Bancshares by 123.6% during the third quarter. Trexquant Investment LP now owns 16,721 shares of the financial services provider's stock worth $872,000 after purchasing an additional 9,243 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of ServisFirst Bancshares by 308.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 35,095 shares of the financial services provider's stock worth $2,338,000 after purchasing an additional 26,510 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

SFBS has been the subject of a number of recent research reports. Piper Sandler boosted their price target on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th. StockNews.com upgraded shares of ServisFirst Bancshares to a "sell" rating in a report on Tuesday, January 23rd.

ServisFirst Bancshares Stock Down 0.5 %

Shares of NASDAQ:SFBS traded down $0.30 during mid-day trading on Wednesday, hitting $66.07. 141,067 shares of the company traded hands, compared to its average volume of 180,621. The stock has a market cap of $3.60 billion, a P/E ratio of 18.10 and a beta of 0.91. The stock has a 50-day moving average price of $62.76 and a two-hundred day moving average price of $60.85. ServisFirst Bancshares, Inc. has a 12-month low of $39.27 and a 12-month high of $70.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NASDAQ:SFBS - Get Free Report) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. The firm had revenue of $111.31 million during the quarter, compared to analyst estimates of $108.14 million. On average, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.20 annualized dividend and a yield of 1.82%. ServisFirst Bancshares's dividend payout ratio (DPR) is 32.88%.

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.