ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,165 shares of the financial services provider's stock after selling 5,435 shares during the period. Tower Research Capital LLC TRC's holdings in ServisFirst Bancshares were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SFBS. R Squared Ltd acquired a new position in ServisFirst Bancshares during the 4th quarter worth approximately $69,000. Sterling Capital Management LLC grew its stake in shares of ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after acquiring an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of ServisFirst Bancshares by 169.0% in 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 last quarter. KBC Group NV raised its stake in 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 during the period. Finally, Advisors Capital Management LLC bought a new position in ServisFirst Bancshares in the 4th quarter worth about $210,000. 67.31% of the stock is owned by institutional investors.

Insider Transactions at ServisFirst Bancshares

In other 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 value of $1,596,240.00. Following the sale, the director now owns 17,436 shares in the company, valued at $1,546,224.48. This 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. Insiders own 6.70% of the company's stock.

Analysts Set New Price Targets

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

ServisFirst Bancshares Stock Down 0.5 %

SFBS stock traded down $0.38 during midday trading on Friday, hitting $74.31. The company's stock had a trading volume of 19,602 shares, compared to its average volume of 224,677. ServisFirst Bancshares, Inc. has a 12 month low of $58.51 and a 12 month high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $76.46 and its 200-day moving average is $85.23. The company has a market cap of $4.06 billion, a PE ratio of 17.86 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced 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). The company had revenue of $131.83 million during 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 quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is currently 30.45%.

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.