ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by Swiss National Bank

Swiss National Bank increased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,868 shares of the financial services provider’s stock after acquiring an additional 700 shares during the period. Swiss National Bank’s holdings in ServisFirst Bancshares were worth $8,632,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its holdings in ServisFirst Bancshares by 30.7% in the third quarter. Natixis Advisors LLC now owns 13,707 shares of the financial services provider’s stock valued at $1,103,000 after purchasing an additional 3,221 shares during the period. Thrivent Financial for Lutherans grew its holdings in ServisFirst Bancshares by 6.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 48,055 shares of the financial services provider’s stock valued at $3,866,000 after purchasing an additional 2,794 shares in the last quarter. Quest Partners LLC grew its holdings in ServisFirst Bancshares by 766.1% during the 3rd quarter. Quest Partners LLC now owns 8,626 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 7,630 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in ServisFirst Bancshares during the 3rd quarter valued at $1,471,000. Finally, Intech Investment Management LLC grew its holdings in ServisFirst Bancshares by 88.5% during the 3rd quarter. Intech Investment Management LLC now owns 12,184 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 5,721 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.3 %

ServisFirst Bancshares stock opened at $81.76 on Friday. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 19.65 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. The company’s 50-day moving average price is $87.76 and its two-hundred day moving average price is $86.92. ServisFirst Bancshares, Inc. has a 52 week low of $58.11 and a 52 week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $0.91 EPS. On average, analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st will be paid a $0.335 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.64%. ServisFirst Bancshares’s dividend payout ratio is currently 32.21%.

Analyst Upgrades and Downgrades

SFBS has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were 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. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.40% of the company’s stock.

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.