2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its holdings in shares of ServisFirst Bancshares, Inc. ( NYSE:SFBS – Free Report ) by 11.
5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,067 shares of the financial services provider’s stock after acquiring an additional 14,382 shares during the quarter. Invesco Ltd.
owned 0.25% of ServisFirst Bancshares worth $11,785,000 as of its most recent SEC filing. Other hedge funds also recently bought and sold shares of the company.
Arizona State Retirement System increased its position in shares of ServisFirst Bancshares by 0.8% during the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider’s stock worth $1,274,000 after acquiring an additional 123 shares during the period.
O Shaughnessy Asset Management LLC grew its stake in ServisFirst Bancshares by 3.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 126 shares in the last quarter.
Precision Wealth Strategies LLC increased its holdings 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 purchasing an additional 133 shares during the period.
Bank of Montreal Can raised its position in ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider’s stock valued at $1,749,000 after purchasing an additional 138 shares in the last quarter.
Finally, HighTower Advisors LLC raised its position in ServisFirst Bancshares by 0.3% during the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider’s stock valued at $4,522,000 after purchasing an additional 177 shares in the last quarter.
Institutional investors own 67.31% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have recently commented on SFBS shares.
StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler boosted their price target 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. ServisFirst Bancshares Trading Down 0.
4 % Shares of NYSE:SFBS opened at $69.43 on Tuesday. The company has a market capitalization of $3.
79 billion, a PE ratio of 16.69 and a beta of 0.89.
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, Inc. has a 12-month low of $58.
43 and a 12-month high of $101.37. The business’s fifty day simple moving average is $80.
87 and its 200-day simple moving average is $86.20. ServisFirst Bancshares ( NYSE:SFBS – Get Free Report ) last posted its earnings results on Monday, April 21st.
The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.
02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.
81%. The company had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $134.
13 million. During the same quarter last year, the firm earned $0.94 EPS.
As a group, equities research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.
ServisFirst Bancshares Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.335 per share.
The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.
93%. ServisFirst Bancshares’s dividend payout ratio is presently 32.21%.
Insider Transactions at ServisFirst Bancshares In related 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 transaction, the director now directly owns 17,436 shares of the company’s stock, valued at $1,546,224.
48. This trade represents a 50.80 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Insiders own 7.40% of the company’s stock.
ServisFirst Bancshares Company Profile ( Free Report ) 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.
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