ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Bought by Xponance Inc.

Xponance Inc. grew its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,640 shares of the financial services provider’s stock after purchasing an additional 331 shares during the period. Xponance Inc.’s holdings in ServisFirst Bancshares were worth $308,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SFBS. Intech Investment Management LLC boosted its position in shares of ServisFirst Bancshares by 88.5% during the 3rd quarter. Intech Investment Management LLC now owns 12,184 shares of the financial services provider’s stock worth $980,000 after purchasing an additional 5,721 shares during the period. Charles Schwab Investment Management Inc. increased its stake in ServisFirst Bancshares by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 491,818 shares of the financial services provider’s stock worth $39,567,000 after purchasing an additional 43,844 shares during the period. Citigroup Inc. lifted its position in shares of ServisFirst Bancshares by 24.4% during the third quarter. Citigroup Inc. now owns 82,707 shares of the financial services provider’s stock worth $6,654,000 after purchasing an additional 16,219 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of ServisFirst Bancshares in the third quarter valued at approximately $440,000. Finally, FMR LLC boosted its stake in shares of ServisFirst Bancshares by 552.5% in the third quarter. FMR LLC now owns 24,280 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 20,559 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Stock Down 0.6 %

SFBS stock opened at $83.19 on Friday. The company’s 50 day moving average price is $87.59 and its 200 day moving average price is $87.07. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.00 and a beta of 0.91. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.11 and a fifty-two week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $0.91 EPS. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.335 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.61%. ServisFirst Bancshares’s dividend payout ratio is currently 32.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

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.