ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Sold by Eukles Asset Management

Eukles Asset Management reduced its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 6.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,044 shares of the financial services provider’s stock after selling 540 shares during the period. Eukles Asset Management’s holdings in ServisFirst Bancshares were worth $536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in shares of ServisFirst Bancshares in the 1st quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new position in ServisFirst Bancshares during the 3rd quarter worth approximately $52,000. Strs Ohio purchased a new position in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $67,000. Tower Research Capital LLC TRC lifted its holdings in shares of ServisFirst Bancshares by 223.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,377 shares of the financial services provider’s stock valued at $75,000 after buying an additional 951 shares during the period. Finally, Point72 Hong Kong Ltd boosted its stake in shares of ServisFirst Bancshares by 1,043.6% in the second quarter. Point72 Hong Kong Ltd now owns 2,230 shares of the financial services provider’s stock valued at $176,000 after buying an additional 2,035 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Price Performance

Shares of SFBS stock traded up $0.92 during midday trading on Friday, reaching $59.97. 65,303 shares of the company traded hands, compared to its average volume of 180,728. The firm’s 50 day simple moving average is $63.10 and its two-hundred day simple moving average is $59.23. The firm has a market cap of $3.27 billion, a PE ratio of 14.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ServisFirst Bancshares, Inc. has a 1-year low of $39.27 and a 1-year high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $109.07 million during the quarter, compared to the consensus estimate of $107.00 million. ServisFirst Bancshares had a return on equity of 15.48% and a net margin of 24.52%. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 3.51 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a dividend of $0.30 per share. 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 presently 31.66%.

Analyst Ratings Changes

Several research analysts have issued reports on SFBS shares. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a research report on Tuesday, January 23rd. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

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.