Yousif Capital Management LLC Reduces Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Yousif Capital Management LLC lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,027 shares of the financial services provider’s stock after selling 387 shares during the quarter. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SFBS. State Street Corp boosted its holdings in shares of ServisFirst Bancshares by 2.6% in the third quarter. State Street Corp now owns 2,377,138 shares of the financial services provider’s stock valued at $191,241,000 after purchasing an additional 60,683 shares during the period. Geode Capital Management LLC raised its position in ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after purchasing an additional 23,555 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of ServisFirst Bancshares by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock worth $83,466,000 after buying an additional 108,088 shares during the period. Stonegate Investment Group LLC grew its position in shares of ServisFirst Bancshares by 13.5% during the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock worth $80,280,000 after buying an additional 112,521 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of ServisFirst Bancshares by 13.4% during the third quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider’s stock valued at $56,983,000 after buying an additional 83,804 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

SFBS has been the subject of a number of research reports. Hovde Group upped their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th.

ServisFirst Bancshares Trading Down 3.3 %

SFBS opened at $89.10 on Thursday. ServisFirst Bancshares, Inc. has a 12 month low of $58.10 and a 12 month high of $101.37. The stock has a fifty day moving average price of $88.77 and a 200-day moving average price of $85.30. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 21.42 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio is currently 32.21%.

ServisFirst Bancshares Company 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.