Copeland Capital Management LLC Takes Position in ServisFirst Bancshares, Inc. $SFBS

Copeland Capital Management LLC purchased a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 753,526 shares of the financial services provider’s stock, valued at approximately $54,879,000. ServisFirst Bancshares makes up approximately 1.2% of Copeland Capital Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds have also bought and sold shares of SFBS. Illinois Municipal Retirement Fund lifted its position in shares of ServisFirst Bancshares by 9.6% during the first quarter. Illinois Municipal Retirement Fund now owns 28,038 shares of the financial services provider’s stock worth $2,042,000 after acquiring an additional 2,459 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of ServisFirst Bancshares in the first quarter valued at $284,000. Navigate Wealth Management LLC bought a new stake in shares of ServisFirst Bancshares during the 1st quarter valued at $932,000. Fifth Third Bancorp lifted its holdings in ServisFirst Bancshares by 7,092.7% during the 1st quarter. Fifth Third Bancorp now owns 25,750 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 25,392 shares in the last quarter. Finally, Personal CFO Solutions LLC purchased a new stake in ServisFirst Bancshares during the 1st quarter worth about $220,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SFBS shares. Zacks Research lowered ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $94.33.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $86.87 on Friday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 16.03 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $81.31 and a 200 day simple moving average of $79.52. ServisFirst Bancshares, Inc. has a 52 week low of $67.20 and a 52 week high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%.The firm had revenue of $158.99 million during the quarter, compared to the consensus estimate of $162.07 million. On average, research analysts forecast that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.52 annualized dividend and a yield of 1.7%. ServisFirst Bancshares’s payout ratio is presently 28.04%.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.