Oakworth Capital Inc. Sells 860 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Oakworth Capital Inc. reduced its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,949 shares of the financial services provider’s stock after selling 860 shares during the quarter. Oakworth Capital Inc.’s holdings in ServisFirst Bancshares were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock worth $93,126,000 after acquiring an additional 23,555 shares during the period. Verition Fund Management LLC bought a new position in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $208,000. GAMMA Investing LLC boosted its stake in shares of ServisFirst Bancshares by 411.5% during the 4th quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 3,790 shares during the period. Victory Capital Management Inc. boosted its stake in shares of ServisFirst Bancshares by 2,704.5% during the 3rd quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock worth $33,428,000 after acquiring an additional 400,694 shares during the period. Finally, Quest Partners LLC boosted its stake in ServisFirst Bancshares by 766.1% in the 3rd quarter. Quest Partners LLC now owns 8,626 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 7,630 shares during the period. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of NYSE SFBS opened at $93.19 on Thursday. The stock has a market capitalization of $5.08 billion, a PE ratio of 22.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $89.21 and a two-hundred day moving average price of $84.89. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were issued a $0.335 dividend. The ex-dividend date was Thursday, January 2nd. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a yield of 1.44%. ServisFirst Bancshares’s payout ratio is currently 32.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SFBS. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler boosted their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Hovde Group boosted their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd.

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.