ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,858 shares of the financial services provider’s stock after selling 1,748 shares during the period. Savant Capital LLC owned 0.11% of ServisFirst Bancshares worth $5,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SFBS. Fairvoy Private Wealth LLC purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $347,000. Precision Wealth Strategies LLC grew its stake in ServisFirst Bancshares by 1.8% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock worth $622,000 after buying an additional 133 shares during the last quarter. R Squared Ltd purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $69,000. Stonegate Investment Group LLC grew its stake in ServisFirst Bancshares by 13.5% during the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock worth $80,280,000 after buying an additional 112,521 shares during the last quarter. Finally, KBC Group NV grew its stake in ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Down 0.0 %

Shares of SFBS stock opened at $90.80 on Tuesday. The business’s 50 day moving average is $89.03 and its two-hundred day moving average is $85.11. ServisFirst Bancshares, Inc. has a twelve month low of $58.10 and a twelve month high of $101.37. The company has a market capitalization of $4.95 billion, a P/E ratio of 21.83 and a beta of 0.91. 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 announced its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 period in the prior year, the company posted $0.91 EPS. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm 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 is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.21%.

Analyst Ratings Changes

SFBS has been the topic of a number of research reports. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler lifted their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Hovde Group lifted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd.

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.