Price T Rowe Associates Inc. MD Has $3.30 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Price T Rowe Associates Inc. MD lowered its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 89.7% during the 4th quarter, according to its most recent disclosure with the Securities & 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 about 0.07% of ServisFirst Bancshares worth $3,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFBS. Barclays PLC raised its stake in ServisFirst Bancshares by 150.6% during the third quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock valued at $8,101,000 after buying an additional 60,517 shares in the last quarter. Franklin Resources Inc. raised its stake in ServisFirst Bancshares by 17.8% during the third quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider's stock valued at $1,150,000 after buying an additional 2,080 shares in the last quarter. Principal Financial Group Inc. raised its stake in ServisFirst Bancshares by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock valued at $83,466,000 after buying an additional 108,088 shares in the last quarter. GAMMA Investing LLC raised its stake in ServisFirst Bancshares by 411.5% during the fourth quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider's stock valued at $399,000 after buying an additional 3,790 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in ServisFirst Bancshares during the fourth quarter valued at approximately $738,000. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Price Performance

Shares of SFBS traded down $0.07 during trading hours on Friday, hitting $74.62. 97,137 shares of the company were exchanged, compared to its average volume of 225,624. The company has a market capitalization of $4.07 billion, a PE ratio of 17.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $76.20 and a 200-day simple moving average of $85.18. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37.

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

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed 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 1.80%. ServisFirst Bancshares's dividend payout ratio is 30.45%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction 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 $1,546,224.48. This represents a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.