ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Bought by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC raised its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBSFree Report) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,385 shares of the financial services provider’s stock after acquiring an additional 757 shares during the period. Baker Tilly Wealth Management LLC’s holdings in ServisFirst Bancshares were worth $692,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in shares of ServisFirst Bancshares in the 1st quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at about $52,000. Quadrant Capital Group LLC lifted its stake in shares of ServisFirst Bancshares by 135.8% in the second quarter. Quadrant Capital Group LLC now owns 1,625 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 936 shares during the period. Strs Ohio acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of ServisFirst Bancshares by 223.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,377 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 951 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SFBS shares. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com upgraded shares of ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

Check Out Our Latest Research Report on ServisFirst Bancshares

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $63.78 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.48 billion, a P/E ratio of 15.45 and a beta of 0.88. The company has a 50-day moving average of $63.48 and a two-hundred day moving average of $57.66. ServisFirst Bancshares, Inc. has a 12-month low of $39.27 and a 12-month high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBSGet Free Report) last announced its earnings results on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $109.07 million during the quarter, compared to analysts’ expectations of $107.00 million. ServisFirst Bancshares had a net margin of 24.52% and a return on equity of 15.48%. As a group, research analysts predict that ServisFirst Bancshares, Inc. will post 3.53 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.88%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 31.66%.

ServisFirst Bancshares Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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