Public Sector Pension Investment Board Has $8.56 Million Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Public Sector Pension Investment Board cut its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,430 shares of the financial services provider’s stock after selling 1,500 shares during the period. Public Sector Pension Investment Board owned 0.20% of ServisFirst Bancshares worth $8,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in shares of ServisFirst Bancshares during the 1st quarter worth approximately $217,000. Cetera Investment Advisers bought a new position in ServisFirst Bancshares during the first quarter worth $2,125,000. Cetera Advisors LLC increased its holdings in shares of ServisFirst Bancshares by 1.0% in the first quarter. Cetera Advisors LLC now owns 30,958 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 317 shares during the last quarter. SG Americas Securities LLC raised its position in shares of ServisFirst Bancshares by 103.8% in the second quarter. SG Americas Securities LLC now owns 10,325 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 5,258 shares during the period. Finally, Diversified Trust Co raised its position in shares of ServisFirst Bancshares by 2.7% in the second quarter. Diversified Trust Co now owns 12,564 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 330 shares during the period. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SFBS. Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, November 24th. Finally, Hovde Group increased their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $95.78 on Friday. The firm has a 50-day moving average price of $87.07 and a two-hundred day moving average price of $76.24. ServisFirst Bancshares, Inc. has a 12-month low of $50.56 and a 12-month high of $101.37. The company has a market capitalization of $5.22 billion, a P/E ratio of 25.61 and a beta of 0.86. The company has a quick ratio of 0.95, a current 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, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The company had revenue of $256.53 million during the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the business earned $0.98 earnings per share. Analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.09%.

Insider Buying and Selling

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the transaction, the chief operating officer now owns 307,837 shares in the company, valued at $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the transaction, the senior vice president now directly owns 8,501 shares of the company’s stock, valued at $724,285.20. This trade represents a 10.53 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.

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.