California Public Employees Retirement System Sells 14,260 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

California Public Employees Retirement System reduced its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,264 shares of the financial services provider’s stock after selling 14,260 shares during the quarter. California Public Employees Retirement System owned 0.08% of ServisFirst Bancshares worth $2,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in ServisFirst Bancshares during the 3rd quarter valued at about $52,000. Strs Ohio bought a new position in ServisFirst Bancshares during the third quarter valued at approximately $67,000. Xponance Inc. purchased a new stake in ServisFirst Bancshares in the fourth quarter worth approximately $205,000. Mackenzie Financial Corp bought a new stake in ServisFirst Bancshares in the 4th quarter worth approximately $207,000. Finally, Arete Wealth Advisors LLC purchased a new stake in ServisFirst Bancshares during the 3rd quarter valued at $208,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Trading Up 2.0 %

Shares of SFBS stock opened at $62.83 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 17.21 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 1 year low of $39.27 and a 1 year high of $70.84. The firm has a fifty day moving average price of $62.51 and a 200-day moving average price of $60.00.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio is presently 32.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SFBS shares. Piper Sandler raised their price target on ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

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.