Sunburst Financial Group LLC Trims Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sunburst Financial Group LLC decreased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,937 shares of the financial services provider’s stock after selling 2,635 shares during the quarter. Sunburst Financial Group LLC’s holdings in ServisFirst Bancshares were worth $842,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at $32,000. R Squared Ltd acquired a new position in ServisFirst Bancshares in the fourth quarter valued at $69,000. KBC Group NV raised its holdings in shares of ServisFirst Bancshares by 52.4% in the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock valued at $197,000 after buying an additional 800 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of ServisFirst Bancshares in the third quarter valued at about $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth about $208,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Down 0.0 %

Shares of ServisFirst Bancshares stock opened at $89.00 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 21.39 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 52-week low of $58.10 and a 52-week high of $101.37. The company’s 50-day simple moving average is $88.77 and its 200-day simple moving average is $85.30.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) 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 quarter in the prior year, the business posted $0.91 earnings per share. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.51%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.21%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler upped their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Hovde Group increased 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.

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.