Swiss National Bank Lowers Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Swiss National Bank decreased its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS - Free Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,868 shares of the financial services provider's stock after selling 11,500 shares during the period. Swiss National Bank owned approximately 0.19% of ServisFirst Bancshares worth $6,787,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler raised their price target on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 30th. StockNews.com raised shares of ServisFirst Bancshares to a "sell" rating in a research note on Tuesday, January 23rd.

ServisFirst Bancshares Stock Down 1.3 %

Shares of SFBS stock traded down $0.89 on Thursday, hitting $65.18. The stock had a trading volume of 98,339 shares, compared to its average volume of 179,754. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.55 billion, a PE ratio of 17.86 and a beta of 0.91. The business has a 50 day moving average price of $62.80 and a 200 day moving average price of $60.91. ServisFirst Bancshares, Inc. has a one year low of $39.27 and a one year high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $111.31 million for the quarter, compared to analyst estimates of $108.14 million. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. Research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, March 28th. 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.