ServisFirst Bancshares, Inc. $SFBS Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,042 shares of the financial services provider’s stock after selling 850 shares during the quarter. Ensign Peak Advisors Inc’s holdings in ServisFirst Bancshares were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth approximately $30,000. Quarry LP boosted its stake in ServisFirst Bancshares by 52.8% during the 1st quarter. Quarry LP now owns 544 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 188 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in ServisFirst Bancshares during the 1st quarter worth $171,000. Caxton Associates LLP bought a new stake in shares of ServisFirst Bancshares in the 1st quarter worth about $204,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter worth about $209,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Zacks Research downgraded ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Hovde Group decreased their target price on ServisFirst Bancshares from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, October 21st. Raymond James Financial raised ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ServisFirst Bancshares in a research note on Monday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.67.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $71.62 on Friday. The company has a market cap of $3.91 billion, a P/E ratio of 15.34 and a beta of 0.87. The business has a 50 day moving average of $74.89 and a two-hundred day moving average of $78.20. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $98.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share for the quarter. ServisFirst Bancshares had a return on equity of 15.67% and a net margin of 25.24%.The business had revenue of $104.27 million for the quarter. As a group, analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, October 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 28.69%.

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.