ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,858 shares of the financial services provider’s stock after selling 1,748 shares during the quarter. Savant Capital LLC’s holdings in ServisFirst Bancshares were worth $5,242,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SFBS. AQR Capital Management LLC acquired a new position in ServisFirst Bancshares during the second quarter worth $253,000. Cetera Investment Advisers raised its holdings in ServisFirst Bancshares by 0.6% during the second quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock worth $2,036,000 after purchasing an additional 196 shares during the last quarter. GAMMA Investing LLC raised its holdings in ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 535 shares during the last quarter. Mechanics Bank Trust Department acquired a new position in ServisFirst Bancshares during the third quarter worth $225,000. Finally, Creative Planning raised its holdings in ServisFirst Bancshares by 6.5% during the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 205 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Hovde Group boosted their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler boosted their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $90.80 on Tuesday. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $101.37. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 21.83 and a beta of 0.91. The business has a fifty day moving average of $89.03 and a 200-day moving average of $85.11. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly 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 return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were given a $0.335 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is currently 32.21%.

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.