Kayne Anderson Rudnick Investment Management LLC Sells 202,332 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Kayne Anderson Rudnick Investment Management LLC reduced its position in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,477,804 shares of the financial services provider's stock after selling 202,332 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 4.54% of ServisFirst Bancshares worth $209,969,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $69,000. Sterling Capital Management LLC boosted its holdings in shares of ServisFirst Bancshares by 761.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after buying an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the period. KBC Group NV increased its stake in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after acquiring an additional 800 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new position in shares of ServisFirst Bancshares during the fourth quarter valued at about $210,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on SFBS. Piper Sandler cut their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares 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 transaction, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by insiders.

ServisFirst Bancshares Stock Performance

SFBS stock traded down $1.24 during midday trading on Friday, reaching $70.50. 56,922 shares of the company's stock traded hands, compared to its average volume of 224,701. ServisFirst Bancshares, Inc. has a 52 week low of $58.43 and a 52 week high of $101.37. The company has a 50-day moving average price of $79.79 and a two-hundred day moving average price of $85.93. 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 capitalization of $3.85 billion, a PE ratio of 16.91 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $0.94 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 30.45%.

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.