Mackenzie Financial Corp Makes New $207,000 Investment in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Mackenzie Financial Corp bought a new stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,111 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of the company. Precision Wealth Strategies LLC grew its holdings in ServisFirst Bancshares by 5.0% during the 3rd quarter. Precision Wealth Strategies LLC now owns 7,712 shares of the financial services provider’s stock valued at $402,000 after buying an additional 367 shares in the last quarter. Keel Point LLC grew its holdings in ServisFirst Bancshares by 1.1% during the 3rd quarter. Keel Point LLC now owns 39,665 shares of the financial services provider’s stock worth $2,069,000 after acquiring an additional 417 shares in the last quarter. Strs Ohio raised its stake in ServisFirst Bancshares by 38.5% in the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock worth $119,000 after buying an additional 500 shares in the last quarter. Pathstone Family Office LLC raised its position in shares of ServisFirst Bancshares by 9.3% in the 3rd quarter. Pathstone Family Office LLC now owns 6,573 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 559 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its position in shares of ServisFirst Bancshares by 5.1% during the fourth quarter. Portside Wealth Group LLC now owns 14,546 shares of the financial services provider’s stock valued at $969,000 after buying an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SFBS shares. StockNews.com raised ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

ServisFirst Bancshares Trading Down 2.3 %

Shares of SFBS stock opened at $59.35 on Tuesday. ServisFirst Bancshares, Inc. has a 1-year low of $39.27 and a 1-year high of $70.84. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 16.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $62.66 and a 200-day simple moving average of $59.72.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. The business had revenue of $109.07 million during the quarter, compared to analysts’ expectations of $107.00 million. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

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.