ServisFirst Bancshares, Inc. $SFBS Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 56.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 233,777 shares of the financial services provider’s stock after selling 302,420 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in ServisFirst Bancshares were worth $17,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its holdings in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 288 shares during the period. State of Wyoming acquired a new stake in ServisFirst Bancshares in the second quarter valued at approximately $29,000. Danske Bank A S purchased a new stake in shares of ServisFirst Bancshares during the third quarter valued at approximately $32,000. CWM LLC raised its stake in shares of ServisFirst Bancshares by 17.3% during the fourth quarter. CWM LLC now owns 955 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 141 shares during the period. Finally, Covestor Ltd lifted its position in shares of ServisFirst Bancshares by 111.1% during the fourth quarter. Covestor Ltd now owns 1,195 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 629 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Down 2.3%

NYSE:SFBS opened at $86.77 on Friday. The stock has a fifty day simple moving average of $79.82 and a 200 day simple moving average of $78.60. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.01 and a beta of 0.86. ServisFirst Bancshares, Inc. has a 1-year low of $67.20 and a 1-year high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. The company had revenue of $158.99 million during the quarter, compared to analyst estimates of $162.07 million. Sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.38 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.8%. ServisFirst Bancshares’s payout ratio is currently 28.04%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Piper Sandler upped their target price on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Zacks Research lowered ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $94.33.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.