Crossmark Global Holdings Inc. Purchases 413 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Crossmark Global Holdings Inc. raised its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,717 shares of the financial services provider’s stock after purchasing an additional 413 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ServisFirst Bancshares were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new stake in shares of ServisFirst Bancshares in the first quarter worth approximately $2,125,000. Dimensional Fund Advisors LP increased its stake in ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after purchasing an additional 36,302 shares during the period. Savant Capital LLC lifted its position in shares of ServisFirst Bancshares by 286.8% during the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock worth $4,048,000 after purchasing an additional 47,502 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of ServisFirst Bancshares by 42.2% during the second quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider’s stock valued at $9,898,000 after purchasing an additional 46,469 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of ServisFirst Bancshares in the second quarter worth about $408,000. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.1 %

Shares of ServisFirst Bancshares stock opened at $94.58 on Monday. 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 stock has a market cap of $5.16 billion, a price-to-earnings ratio of 25.29 and a beta of 0.86. The firm’s 50-day moving average is $83.91 and its two-hundred day moving average is $74.06. ServisFirst Bancshares, Inc. has a 1 year low of $49.72 and a 1 year high of $100.14.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $256.53 million for the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period last year, the firm earned $0.98 earnings per share. As a group, research analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s payout ratio is 32.09%.

Insider Buying and Selling

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the sale, the senior vice president now owns 8,501 shares in the company, valued at approximately $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SFBS. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Monday. Piper Sandler lifted their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Hovde Group increased their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd.

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.