Champlain Investment Partners LLC Decreases Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Champlain Investment Partners LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,312,906 shares of the financial services provider’s stock after selling 67,568 shares during the quarter. Champlain Investment Partners LLC’s holdings in ServisFirst Bancshares were worth $111,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC grew its holdings in shares of ServisFirst Bancshares by 2.4% in the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 128 shares during the last quarter. Barclays PLC grew its holdings in ServisFirst Bancshares by 150.6% in the 3rd quarter. Barclays PLC now owns 100,688 shares of the financial services provider’s stock worth $8,101,000 after acquiring an additional 60,517 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ServisFirst Bancshares by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after acquiring an additional 23,555 shares during the period. Peapack Gladstone Financial Corp bought a new position in shares of ServisFirst Bancshares during the third quarter valued at about $234,000. Finally, Franklin Resources Inc. raised its stake in shares of ServisFirst Bancshares by 17.8% during the third quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 2,080 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Trading Up 0.2 %

NYSE SFBS opened at $69.50 on Thursday. The firm has a market capitalization of $3.79 billion, a PE ratio of 16.71 and a beta of 0.89. The stock’s 50 day moving average is $82.14 and its 200 day moving average is $86.29. ServisFirst Bancshares, Inc. has a twelve month low of $58.43 and a twelve month high of $101.37. 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 announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.91 earnings per share. Research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.21%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SFBS. Piper Sandler boosted their price target 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 ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was 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 of the company’s stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.40% of the company’s stock.

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.