Quantbot Technologies LP Acquires New Stake in ServisFirst Bancshares, Inc. $SFBS

Quantbot Technologies LP bought a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 9,392 shares of the financial services provider’s stock, valued at approximately $728,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new position in ServisFirst Bancshares in the 2nd quarter worth about $30,000. Quarry LP raised its holdings in ServisFirst Bancshares by 52.8% in the first quarter. Quarry LP now owns 544 shares of the financial services provider’s stock worth $45,000 after buying an additional 188 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ServisFirst Bancshares by 6.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after buying an additional 125 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ServisFirst Bancshares during the first quarter valued at approximately $171,000. Finally, Caxton Associates LLP bought a new stake in shares of ServisFirst Bancshares during the first quarter valued at approximately $204,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $72.96 on Wednesday. The firm has a market capitalization of $3.99 billion, a P/E ratio of 15.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $97.18. The business has a fifty day moving average of $73.20 and a 200 day moving average of $77.98.

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

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were issued a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.8%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 28.69%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SFBS. Zacks Research lowered shares of ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Piper Sandler decreased their price target on ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Hovde Group lowered their price target on ServisFirst Bancshares from $92.00 to $85.00 and set a “market perform” rating on the stock in a 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 objective on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.67.

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.