ServisFirst Bancshares, Inc. (NYSE:SFBS) Position Decreased by Luken Investment Analytics LLC

Luken Investment Analytics LLC reduced its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,573 shares of the financial services provider’s stock after selling 575 shares during the period. ServisFirst Bancshares comprises approximately 0.4% of Luken Investment Analytics LLC’s holdings, making the stock its 29th largest position. Luken Investment Analytics LLC’s holdings in ServisFirst Bancshares were worth $811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC raised its stake in shares of ServisFirst Bancshares by 2.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 128 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of ServisFirst Bancshares by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock worth $2,036,000 after acquiring an additional 196 shares during the period. Creative Planning boosted its holdings in ServisFirst Bancshares by 6.5% during the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 205 shares in the last quarter. Raymond James Trust N.A. boosted its stake in ServisFirst Bancshares by 5.7% in the 3rd quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock valued at $390,000 after buying an additional 263 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC grew its holdings in shares of ServisFirst Bancshares by 13.7% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

SFBS stock opened at $90.33 on Friday. The stock has a market cap of $4.93 billion, a PE ratio of 21.71 and a beta of 0.91. The stock has a 50-day moving average price of $89.74 and a two-hundred day moving average price of $84.45. ServisFirst Bancshares, Inc. has a 1 year low of $58.05 and a 1 year high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 company earned $0.91 earnings per share. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.335 per share. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.48%. ServisFirst Bancshares’s payout ratio is currently 32.21%.

Analyst Ratings Changes

Several research analysts recently issued reports on SFBS shares. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Piper Sandler boosted 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. Finally, Hovde Group boosted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research 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.