Public Sector Pension Investment Board Has $15.78 Million Holdings in ServisFirst Bancshares, Inc. $SFBS

Public Sector Pension Investment Board grew its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,976 shares of the financial services provider’s stock after acquiring an additional 24,671 shares during the period. Public Sector Pension Investment Board owned 0.36% of ServisFirst Bancshares worth $15,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its position in ServisFirst Bancshares by 214.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 212 shares during the last quarter. State of Wyoming bought a new position in ServisFirst Bancshares in the 2nd quarter valued at $29,000. Smartleaf Asset Management LLC increased its stake in shares of ServisFirst Bancshares by 21.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the financial services provider’s stock valued at $102,000 after buying an additional 223 shares during the period. GAMMA Investing LLC increased its stake in shares of ServisFirst Bancshares by 20.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,356 shares of the financial services provider’s stock valued at $109,000 after buying an additional 229 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of ServisFirst Bancshares by 106.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 868 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of SFBS stock opened at $86.31 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares, Inc. has a 12-month low of $66.48 and a 12-month high of $93.43. The firm has a fifty day moving average of $78.03 and a 200-day moving average of $78.09. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 17.06 and a beta of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%.The business had revenue of $162.21 million for the quarter, compared to the consensus estimate of $151.82 million. On average, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.34. ServisFirst Bancshares’s payout ratio is currently 30.04%.

Analyst Ratings Changes

SFBS has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a research note on Wednesday, January 21st. Piper Sandler raised shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price objective on the stock in a research note on Wednesday, January 21st. Zacks Research raised ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Hovde Group raised ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research note on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, ServisFirst Bancshares has a consensus rating of “Buy” and an average target price of $91.00.

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.