EverSource Wealth Advisors LLC Sells 670 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

EverSource Wealth Advisors LLC lessened its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,265 shares of the financial services provider’s stock after selling 670 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.06% of ServisFirst Bancshares worth $2,649,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its holdings in shares of ServisFirst Bancshares by 12.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,717 shares of the financial services provider’s stock valued at $299,000 after buying an additional 413 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of ServisFirst Bancshares by 61.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,731 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 4,850 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at about $1,018,000. Victory Capital Management Inc. raised its holdings in shares of ServisFirst Bancshares by 2,704.5% during the 3rd quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock valued at $33,428,000 after buying an additional 400,694 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of ServisFirst Bancshares by 30.7% during the 3rd quarter. Natixis Advisors LLC now owns 13,707 shares of the financial services provider’s stock valued at $1,103,000 after buying an additional 3,221 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock opened at $81.45 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day simple moving average is $87.94 and its two-hundred day simple moving average is $86.88. The stock has a market capitalization of $4.45 billion, a P/E ratio of 19.58 and a beta of 0.91. ServisFirst Bancshares, Inc. has a one year low of $58.11 and a one year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the company posted $0.91 EPS. Analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.65%. ServisFirst Bancshares’s payout ratio is 32.21%.

Insider Activity

In other news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the transaction, the director now directly owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Piper Sandler lifted their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th.

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.