Jacobs Asset Management LLC Acquires Shares of 100,000 ServisFirst Bancshares, Inc. $SFBS

Jacobs Asset Management LLC acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the financial services provider’s stock, valued at approximately $7,179,000. ServisFirst Bancshares makes up approximately 4.0% of Jacobs Asset Management LLC’s portfolio, making the stock its 11th biggest position.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of ServisFirst Bancshares during the fourth quarter worth approximately $47,908,000. First Trust Advisors LP grew its position in shares of ServisFirst Bancshares by 61.6% during the third quarter. First Trust Advisors LP now owns 528,011 shares of the financial services provider’s stock worth $42,521,000 after buying an additional 201,309 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ServisFirst Bancshares by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock worth $77,483,000 after buying an additional 199,772 shares in the last quarter. Vanguard Group Inc. grew its position in shares of ServisFirst Bancshares by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock worth $436,623,000 after buying an additional 196,248 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of ServisFirst Bancshares by 31.6% during the third quarter. Wasatch Advisors LP now owns 667,781 shares of the financial services provider’s stock worth $53,776,000 after buying an additional 160,465 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Hovde Group raised their price target on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Piper Sandler raised their price target on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research downgraded shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $94.33.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock opened at $82.56 on Friday. The company has a market cap of $4.51 billion, a PE ratio of 15.23 and a beta of 0.88. The company has a fifty day moving average price of $77.76 and a two-hundred day moving average price of $77.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares, Inc. has a 12 month low of $67.20 and a 12 month high of $90.64.

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

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, April 1st. ServisFirst Bancshares’s payout ratio is currently 28.04%.

About ServisFirst Bancshares

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.