Mutual of America Capital Management LLC Has $2.34 Million Stock Position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Mutual of America Capital Management LLC increased its holdings in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 308.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 35,095 shares of the financial services provider’s stock after purchasing an additional 26,510 shares during the period. Mutual of America Capital Management LLC owned 0.06% of ServisFirst Bancshares worth $2,338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new position in ServisFirst Bancshares during the first quarter worth about $39,000. Allspring Global Investments Holdings LLC bought a new position in ServisFirst Bancshares during the third quarter worth about $52,000. Strs Ohio bought a new position in ServisFirst Bancshares during the third quarter worth about $67,000. Tower Research Capital LLC TRC grew its holdings in ServisFirst Bancshares by 223.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,377 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 951 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in ServisFirst Bancshares by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,210 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 276 shares during the period. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 1.9 %

Shares of NASDAQ:SFBS opened at $60.15 on Friday. ServisFirst Bancshares, Inc. has a 12-month low of $39.27 and a 12-month high of $70.84. The stock has a market cap of $3.28 billion, a PE ratio of 15.02 and a beta of 0.88. The business has a 50 day moving average of $63.07 and a 200-day moving average of $59.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. ServisFirst Bancshares had a return on equity of 15.48% and a net margin of 24.52%. The company had revenue of $109.07 million during the quarter, compared to analysts’ expectations of $107.00 million. As a group, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 3.51 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 31.66%.

Wall Street Analyst Weigh In

SFBS has been the subject of a number of research analyst reports. Piper Sandler boosted their price objective on ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd.

ServisFirst Bancshares 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.