Wells Fargo & Company MN Increases Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Wells Fargo & Company MN boosted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,204 shares of the financial services provider's stock after buying an additional 3,620 shares during the period. Wells Fargo & Company MN owned approximately 0.68% of ServisFirst Bancshares worth $31,541,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of ServisFirst Bancshares by 83.4% during the fourth quarter. Franklin Resources Inc. now owns 25,270 shares of the financial services provider's stock valued at $2,141,000 after buying an additional 11,495 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of ServisFirst Bancshares by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 65,986 shares of the financial services provider's stock worth $5,592,000 after acquiring an additional 399 shares in the last quarter. Everstar Asset Management LLC purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $842,000. O Shaughnessy Asset Management LLC lifted its position in shares of ServisFirst Bancshares by 3.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 126 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in ServisFirst Bancshares by 19.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,203 shares of the financial services provider's stock worth $695,000 after purchasing an additional 1,355 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Stock Performance

Shares of SFBS traded up $0.15 during mid-day trading on Wednesday, hitting $69.51. The stock had a trading volume of 34,023 shares, compared to its average volume of 238,211. ServisFirst Bancshares, Inc. has a 52 week low of $58.43 and a 52 week high of $101.37. 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 business has a fifty day moving average price of $82.56 and a 200-day moving average price of $86.40. The firm has a market cap of $3.80 billion, a P/E ratio of 16.71 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the firm earned $0.91 earnings per share. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction that occurred 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 directly 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 document filed with the SEC, which is available through this hyperlink. 7.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SFBS has been the subject of several recent analyst reports. Piper Sandler upped their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

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.