M&T Bank Corp Sells 1,198 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

M&T Bank Corp trimmed its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,851 shares of the financial services provider’s stock after selling 1,198 shares during the quarter. M&T Bank Corp owned 0.06% of ServisFirst Bancshares worth $2,630,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SFBS. Norges Bank bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $47,456,000. Raymond James Financial Inc. bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $19,639,000. GAMMA Investing LLC grew its holdings in ServisFirst Bancshares by 2,878.9% during the 1st quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider’s stock worth $11,592,000 after acquiring an additional 135,626 shares during the last quarter. Federated Hermes Inc. bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $5,859,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of ServisFirst Bancshares by 340.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 67,640 shares of the financial services provider’s stock valued at $5,732,000 after purchasing an additional 52,294 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price objective on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Trading Down 0.7%

NYSE:SFBS opened at $82.03 on Friday. The firm’s fifty day moving average is $76.23 and its 200-day moving average is $80.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $101.37. The firm has a market cap of $4.48 billion, a P/E ratio of 18.64 and a beta of 0.84.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. During the same period in the prior year, the company posted $0.94 earnings per share. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is presently 30.45%.

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.