ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC reduced its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,922 shares of the financial services provider's stock after selling 12,078 shares during the period. ServisFirst Bancshares comprises 0.7% of Jacobs Asset Management LLC's portfolio, making the stock its 27th largest position. Jacobs Asset Management LLC's holdings in ServisFirst Bancshares were worth $1,095,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in ServisFirst Bancshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock valued at $1,274,000 after acquiring an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of ServisFirst Bancshares by 3.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 126 shares in the last quarter. Precision Wealth Strategies LLC lifted its position in shares of ServisFirst Bancshares by 1.8% during the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock worth $622,000 after purchasing an additional 133 shares during the last quarter. Bank of Montreal Can grew its stake in ServisFirst Bancshares by 0.7% in the fourth quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after purchasing an additional 138 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in ServisFirst Bancshares by 0.3% in the fourth quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock valued at $4,522,000 after buying an additional 177 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.

ServisFirst Bancshares Stock Performance

SFBS stock traded down $0.77 during trading on Friday, hitting $77.19. 185,555 shares of the company's stock traded hands, compared to its average volume of 225,501. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 52 week low of $58.51 and a 52 week high of $101.37. The stock has a fifty day moving average price of $75.62 and a two-hundred day moving average price of $85.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the prior year, the company earned $0.94 EPS. As a group, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 30.45%.

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.