Mutual of America Capital Management LLC Cuts Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Mutual of America Capital Management LLC trimmed its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 152,975 shares of the financial services provider’s stock after selling 389 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ServisFirst Bancshares were worth $12,963,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of ServisFirst Bancshares in the 3rd quarter valued at about $32,000. R Squared Ltd purchased a new position in ServisFirst Bancshares in the 4th quarter valued at $69,000. KBC Group NV boosted 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 acquiring an additional 800 shares in the last quarter. LMR Partners LLP purchased a new stake in ServisFirst Bancshares in the 3rd quarter valued at approximately $203,000. Finally, Verition Fund Management LLC acquired a new position in ServisFirst Bancshares during the third quarter worth $208,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SFBS shares. Piper Sandler upped 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. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th.

Insider Activity at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Stock Performance

Shares of NYSE:SFBS opened at $91.55 on Friday. The business’s 50-day simple moving average is $87.93 and its 200 day simple moving average is $86.21. ServisFirst Bancshares, Inc. has a one year low of $58.10 and a one year high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $4.99 billion, a P/E ratio of 22.01 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating 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 prior year, the company earned $0.91 earnings per share. On average, sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s payout ratio is 32.21%.

About ServisFirst Bancshares

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.