ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC lessened its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 48.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,922 shares of the financial services provider’s stock after selling 12,078 shares during the period. ServisFirst Bancshares comprises approximately 0.7% of Jacobs Asset Management LLC’s portfolio, making the stock its 27th largest position. Jacobs Asset Management LLC’s holdings in ServisFirst Bancshares were worth $1,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after buying an additional 747 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ServisFirst Bancshares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider’s stock valued at $44,155,000 after acquiring an additional 29,247 shares during the period. Bank of New York Mellon Corp grew its position in ServisFirst Bancshares by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider’s stock valued at $39,354,000 after acquiring an additional 36,711 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in ServisFirst Bancshares during the fourth quarter worth about $1,858,000. Finally, Keybank National Association OH acquired a new stake in shares of ServisFirst Bancshares during the fourth quarter worth about $428,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Activity at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by corporate insiders.

ServisFirst Bancshares Price Performance

Shares of NYSE SFBS opened at $74.62 on Friday. The stock’s 50-day moving average is $76.20 and its two-hundred day moving average is $85.18. 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 company has a market cap of $4.07 billion, a price-to-earnings ratio of 17.94 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The firm had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $134.13 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

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

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price 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 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.