WINTON GROUP Ltd Takes $1.18 Million Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

WINTON GROUP Ltd acquired a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,907 shares of the financial services provider’s stock, valued at approximately $1,178,000.

A number of other institutional investors have also recently bought and sold shares of SFBS. 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 about $69,000. Smartleaf Asset Management LLC increased its holdings in shares of ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 747 shares in the last quarter. KBC Group NV raised its position in shares of ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 800 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SFBS shares. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the company’s stock in a transaction that occurred on 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 owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Stock Down 1.2 %

Shares of ServisFirst Bancshares stock opened at $81.91 on Friday. The firm has a market cap of $4.47 billion, a PE ratio of 19.69 and a beta of 0.91. The business’s 50 day simple moving average is $87.45 and its 200 day simple moving average is $87.11. 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 52-week low of $58.11 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $0.91 EPS. On average, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.335 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.64%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 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.