36,962 Shares of ServisFirst Bancshares, Inc. $SFBS Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. bought a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 36,962 shares of the financial services provider’s stock, valued at approximately $1,478,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in ServisFirst Bancshares by 99.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,764 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 11,329 shares in the last quarter. Salomon & Ludwin LLC grew its stake in ServisFirst Bancshares by 100.0% in the third quarter. Salomon & Ludwin LLC now owns 1,212 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 606 shares during the period. Welch Group LLC increased its holdings in shares of ServisFirst Bancshares by 96.4% during the third quarter. Welch Group LLC now owns 1,885,113 shares of the financial services provider’s stock valued at $75,367,000 after acquiring an additional 925,380 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of ServisFirst Bancshares by 78.2% during the third quarter. Profund Advisors LLC now owns 6,928 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 3,040 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of ServisFirst Bancshares by 3,136.9% during the third quarter. ProShare Advisors LLC now owns 241,567 shares of the financial services provider’s stock valued at $9,658,000 after acquiring an additional 234,104 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $41.35 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $40.83 and a two-hundred day moving average price of $40.85. The firm has a market capitalization of $4.52 billion, a P/E ratio of 13.32 and a beta of 0.92. ServisFirst Bancshares, Inc. has a 52 week low of $33.60 and a 52 week high of $46.04.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The company had revenue of $172.93 million during the quarter, compared to the consensus estimate of $173.13 million. ServisFirst Bancshares had a net margin of 32.53% and a return on equity of 17.66%. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.18 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, October 1st. ServisFirst Bancshares’s dividend payout ratio is presently 24.28%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SFBS shares. Zacks Research cut ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Weiss Ratings raised shares of ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Piper Sandler decreased their price target on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Wall Street Zen downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Raymond James Financial downgraded shares of ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $50.00 to $45.00 in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, ServisFirst Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides commercial and consumer banking services to businesses, professionals and individuals.

The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.

Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.