LPL Financial LLC Acquires 3,610 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

LPL Financial LLC increased its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,587 shares of the financial services provider's stock after buying an additional 3,610 shares during the period. LPL Financial LLC's holdings in ServisFirst Bancshares were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SFBS. Geode Capital Management LLC boosted its stake in ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock valued at $93,126,000 after purchasing an additional 23,555 shares during the last quarter. GAMMA Investing LLC boosted its stake in ServisFirst Bancshares by 411.5% during the 4th quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider's stock valued at $399,000 after purchasing an additional 3,790 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 valued at $102,000 after purchasing an additional 747 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ServisFirst Bancshares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock valued at $44,155,000 after purchasing an additional 29,247 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ServisFirst Bancshares by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock valued at $39,354,000 after purchasing an additional 36,711 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Performance

Shares of NYSE SFBS traded up $3.06 during midday trading on Wednesday, hitting $72.53. 23,981 shares of the stock traded hands, compared to its average volume of 243,844. The firm has a 50-day moving average of $80.48 and a two-hundred day moving average of $86.08. The firm has a market capitalization of $3.96 billion, a P/E ratio of 17.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a one year low of $58.43 and a one year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, April 21st. The financial services provider reported $1.16 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 company had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.85%. ServisFirst Bancshares's dividend payout ratio is currently 32.21%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SFBS shares. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler lowered their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a report on Tuesday.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 7.40% of the stock is owned by insiders.

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.