JARISLOWSKY FRASER Ltd Sells 63,689 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

JARISLOWSKY FRASER Ltd reduced its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,675 shares of the financial services provider’s stock after selling 63,689 shares during the period. JARISLOWSKY FRASER Ltd owned 0.58% of ServisFirst Bancshares worth $25,795,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Arizona State Retirement System grew its stake in ServisFirst Bancshares by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider’s stock valued at $1,274,000 after buying an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of ServisFirst Bancshares by 3.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 126 shares during the last quarter. Precision Wealth Strategies LLC increased its stake in shares of ServisFirst Bancshares by 1.8% during the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 133 shares during the period. Bank of Montreal Can lifted its holdings in ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider’s stock worth $1,749,000 after purchasing an additional 138 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in ServisFirst Bancshares by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider’s stock valued at $4,522,000 after purchasing an additional 177 shares during the period. 67.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd.

ServisFirst Bancshares Stock Down 0.1 %

NYSE SFBS opened at $74.62 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 17.94 and a beta of 0.83. The company has a 50 day moving average of $76.20 and a 200-day moving average of $85.18. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.80%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio is currently 30.45%.

Insider Buying and Selling at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total value of $1,596,240.00. Following the transaction, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

ServisFirst Bancshares Company Profile

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.