ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 89.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,985 shares of the financial services provider's stock after selling 337,893 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of ServisFirst Bancshares worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of ServisFirst Bancshares by 0.8% during the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock worth $1,274,000 after buying an additional 123 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in 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 acquiring an additional 126 shares during the last quarter. Precision Wealth Strategies LLC lifted its stake in shares of ServisFirst Bancshares by 1.8% during the 4th 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 period. Bank of Montreal Can boosted its holdings in shares of ServisFirst Bancshares by 0.7% during 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 during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of 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 purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

ServisFirst Bancshares Stock Down 0.4 %

Shares of NYSE SFBS opened at $74.21 on Tuesday. The stock has a market capitalization of $4.05 billion, a PE ratio of 17.84 and a beta of 0.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $77.50 and a 200-day moving average of $85.46. ServisFirst Bancshares, Inc. has a 52-week low of $58.51 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. 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 company earned $0.94 earnings per share. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued 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 1.81%. ServisFirst Bancshares's payout ratio is 30.45%.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

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.

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