ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,250 shares of the financial services provider's stock after selling 3,473 shares during the period. Jefferies Financial Group Inc.'s holdings in ServisFirst Bancshares were worth $1,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new stake in ServisFirst Bancshares during the 4th quarter valued at $30,000. R Squared Ltd purchased a new position in shares of ServisFirst Bancshares during the fourth quarter valued at $69,000. Sterling Capital Management LLC raised its holdings in shares of ServisFirst Bancshares by 761.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after acquiring an additional 747 shares during the period. Finally, KBC Group NV lifted its stake in ServisFirst Bancshares by 52.4% in the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock worth $197,000 after acquiring an additional 800 shares during the period. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Down 0.4%

ServisFirst Bancshares stock traded down $0.30 during mid-day trading on Tuesday, reaching $76.28. 12,730 shares of the company were exchanged, compared to its average volume of 225,282. The business has a fifty day moving average of $75.44 and a 200 day moving average of $84.90. ServisFirst Bancshares, Inc. has a 12-month low of $58.51 and a 12-month high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $4.17 billion, a P/E ratio of 18.38 and a beta of 0.83.

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

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.76%. ServisFirst Bancshares's payout ratio is currently 30.45%.

Analysts Set New Price Targets

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

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.