Vanguard Group Inc. Sells 4,764 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Vanguard Group Inc. lessened its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,430,253 shares of the financial services provider’s stock after selling 4,764 shares during the period. Vanguard Group Inc. owned about 9.97% of ServisFirst Bancshares worth $283,296,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new position in shares of ServisFirst Bancshares in the 1st quarter valued at about $39,000. Allspring Global Investments Holdings LLC bought a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at about $52,000. Strs Ohio bought a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at about $67,000. Tower Research Capital LLC TRC grew its holdings in shares of ServisFirst Bancshares by 223.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,377 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 951 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of ServisFirst Bancshares by 7.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,210 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Trading Up 0.7 %

Shares of NASDAQ:SFBS opened at $66.36 on Friday. ServisFirst Bancshares, Inc. has a 52-week low of $39.27 and a 52-week high of $70.84. The company has a market capitalization of $3.62 billion, a P/E ratio of 17.51 and a beta of 0.88. The company has a 50-day simple moving average of $63.91 and a 200 day simple moving average of $58.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $109.07 million during the quarter, compared to the consensus estimate of $107.00 million. ServisFirst Bancshares had a net margin of 24.52% and a return on equity of 15.48%. Sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 3.53 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.20 annualized dividend and a yield of 1.81%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 31.66%.

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.