ServisFirst Bancshares, Inc. $SFBS Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,722 shares of the financial services provider’s stock after selling 31,317 shares during the quarter. Savant Capital LLC owned about 0.06% of ServisFirst Bancshares worth $2,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in ServisFirst Bancshares by 214.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 212 shares during the last quarter. Salomon & Ludwin LLC raised its stake in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 288 shares during the last quarter. State of Wyoming acquired a new position in ServisFirst Bancshares in the 2nd quarter valued at $29,000. Danske Bank A S acquired a new position in ServisFirst Bancshares in the 3rd quarter valued at $32,000. Finally, Fifth Third Bancorp raised its stake in ServisFirst Bancshares by 105.1% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 290 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $78.06 on Monday. ServisFirst Bancshares, Inc. has a fifty-two week low of $67.20 and a fifty-two week high of $90.64. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 14.40 and a beta of 0.88. The business has a fifty day moving average of $76.63 and a 200-day moving average of $76.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last posted 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. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.52 annualized dividend and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio is presently 28.04%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SFBS. Piper Sandler increased their price target on ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ServisFirst Bancshares in a research report on Friday, April 10th. Hovde Group raised their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Zacks Research downgraded ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.33.

About ServisFirst Bancshares

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.