ServisFirst Bancshares, Inc. $SFBS Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 48.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,722 shares of the financial services provider’s stock after selling 31,317 shares during the period. Savant Capital LLC’s holdings in ServisFirst Bancshares were worth $2,349,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of ServisFirst Bancshares by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock worth $436,623,000 after acquiring an additional 196,248 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of ServisFirst Bancshares by 5.1% in the third quarter. Champlain Investment Partners LLC now owns 2,696,260 shares of the financial services provider’s stock worth $217,130,000 after buying an additional 129,732 shares during the period. Welch Group LLC raised its holdings in shares of ServisFirst Bancshares by 2.0% during the fourth quarter. Welch Group LLC now owns 1,003,503 shares of the financial services provider’s stock worth $72,041,000 after acquiring an additional 19,727 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 199,772 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings 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 acquiring an additional 160,465 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Trading Up 0.1%

Shares of NYSE:SFBS opened at $78.06 on Monday. The company’s 50-day moving average price is $76.63 and its two-hundred day moving average price is $76.85. 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 one year low of $67.20 and a one year high of $90.64. The stock has a market capitalization of $4.27 billion, a PE ratio of 14.40 and a beta of 0.88.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $158.99 million for the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 6.4 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio is presently 28.04%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SFBS. Zacks Research lowered ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Hovde Group lifted their target price on 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 reaffirmed a “hold (c+)” rating on shares of ServisFirst Bancshares in a report on Friday, April 10th. Finally, Piper Sandler lifted their price objective on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

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.