Jacobs Asset Management LLC Invests $7.18 Million in ServisFirst Bancshares, Inc. $SFBS

Jacobs Asset Management LLC acquired a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 100,000 shares of the financial services provider’s stock, valued at approximately $7,179,000. ServisFirst Bancshares accounts for about 4.0% of Jacobs Asset Management LLC’s portfolio, making the stock its 11th largest position. Jacobs Asset Management LLC owned 0.18% of ServisFirst Bancshares as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Entropy Technologies LP raised its holdings in ServisFirst Bancshares by 38.1% in the fourth quarter. Entropy Technologies LP now owns 8,395 shares of the financial services provider’s stock valued at $603,000 after buying an additional 2,316 shares during the period. Barclays PLC raised its holdings in ServisFirst Bancshares by 15.3% in the fourth quarter. Barclays PLC now owns 93,512 shares of the financial services provider’s stock valued at $6,713,000 after buying an additional 12,398 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in ServisFirst Bancshares by 4.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 47,580 shares of the financial services provider’s stock valued at $3,416,000 after buying an additional 1,876 shares during the period. First Trust Advisors LP raised its holdings in ServisFirst Bancshares by 8.3% in the fourth quarter. First Trust Advisors LP now owns 571,853 shares of the financial services provider’s stock valued at $41,053,000 after buying an additional 43,842 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in ServisFirst Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 543,244 shares of the financial services provider’s stock valued at $38,999,000 after buying an additional 2,997 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Up 1.2%

Shares of NYSE:SFBS opened at $82.56 on Friday. 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, Inc. has a 52-week low of $67.20 and a 52-week high of $90.64. The company has a 50 day moving average of $77.76 and a two-hundred day moving average of $77.42. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 15.23 and a beta of 0.88.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. The company had revenue of $158.99 million during the quarter, compared to the consensus estimate of $162.07 million. As a group, analysts forecast 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 given a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.52 annualized dividend and a yield of 1.8%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 28.04%.

Analysts Set New Price Targets

Several research firms recently commented on SFBS. Hovde Group raised their price target on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research lowered shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Piper Sandler raised their price target on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.