Landscape Capital Management L.L.C. Invests $220,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Landscape Capital Management L.L.C. acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,733 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors have also made changes to their positions in SFBS. Quest Partners LLC raised its stake in shares of ServisFirst Bancshares by 4,880.0% in the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 976 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ServisFirst Bancshares by 138.6% in the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 535 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ServisFirst Bancshares in the 2nd quarter valued at approximately $84,000. LMR Partners LLP bought a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at approximately $203,000. Finally, CIBC Asset Management Inc raised its stake in shares of ServisFirst Bancshares by 8.7% in the 2nd quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 267 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Stock Performance

SFBS opened at $99.11 on Tuesday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 26.50 and a beta of 0.86. The stock’s 50 day moving average price is $85.65 and its two-hundred day moving average price is $75.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 12-month low of $49.72 and a 12-month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results 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 analyst estimates of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same quarter last year, the firm posted $0.98 EPS. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s payout ratio is presently 32.09%.

Analyst Upgrades and Downgrades

SFBS has been the topic of a number of recent analyst reports. Piper Sandler raised their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Hovde Group raised their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd.

Insider Transactions at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of ServisFirst Bancshares stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.

About ServisFirst Bancshares

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.