ServisFirst Bancshares, Inc. (NYSE:SFBS) Stake Decreased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,374 shares of the financial services provider’s stock after selling 359 shares during the period. Landscape Capital Management L.L.C.’s holdings in ServisFirst Bancshares were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SFBS. FMR LLC boosted its position in ServisFirst Bancshares by 552.5% during the 3rd quarter. FMR LLC now owns 24,280 shares of the financial services provider’s stock worth $1,953,000 after acquiring an additional 20,559 shares during the period. BNP Paribas Financial Markets lifted its holdings in ServisFirst Bancshares by 21.1% in the third quarter. BNP Paribas Financial Markets now owns 16,081 shares of the financial services provider’s stock worth $1,294,000 after purchasing an additional 2,804 shares during the period. Verition Fund Management LLC bought a new position in ServisFirst Bancshares in the 3rd quarter valued at about $208,000. Point72 DIFC Ltd acquired a new position in ServisFirst Bancshares during the 3rd quarter valued at about $32,000. Finally, Quadrature Capital Ltd bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth about $337,000. 67.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 report on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

ServisFirst Bancshares Stock Down 3.1 %

SFBS stock opened at $68.05 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $3.71 billion, a PE ratio of 16.36 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 12 month low of $58.11 and a 12 month high of $101.37. The firm has a 50 day simple moving average of $85.03 and a 200 day simple moving average of $86.85.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly 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 return on equity of 14.81% and a net margin of 23.16%. During the same period last year, the business posted $0.91 earnings per share. Equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, April 1st. ServisFirst Bancshares’s payout ratio is 32.21%.

Insider Activity

In other news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 17,436 shares of the company’s stock, valued at $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.40% of the company’s stock.

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.