Sagespring Wealth Partners LLC Buys New Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sagespring Wealth Partners LLC purchased a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,291 shares of the financial services provider's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Orion Portfolio Solutions LLC raised its stake in shares of ServisFirst Bancshares by 2.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider's stock worth $448,000 after buying an additional 128 shares in the last quarter. Barclays PLC boosted its holdings in ServisFirst Bancshares by 150.6% during the third quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock worth $8,101,000 after buying an additional 60,517 shares in the last quarter. Geode Capital Management LLC grew its position in ServisFirst Bancshares by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock worth $93,126,000 after buying an additional 23,555 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $234,000. Finally, Franklin Resources Inc. increased its stake in ServisFirst Bancshares by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider's stock valued at $1,150,000 after purchasing an additional 2,080 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.40% of the company's stock.

ServisFirst Bancshares Trading Down 1.5 %

NYSE:SFBS traded down $1.05 during trading hours on Monday, reaching $68.68. 20,830 shares of the company were exchanged, compared to its average volume of 223,437. ServisFirst Bancshares, Inc. has a 52-week low of $58.43 and a 52-week high of $101.37. The stock has a 50 day simple moving average of $81.27 and a 200 day simple moving average of $86.27. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 16.51 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.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.95%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Wall Street Analyst Weigh In

SFBS has been the topic of several recent research reports. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, January 5th. Piper Sandler increased their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th.

ServisFirst Bancshares 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.