Precision Wealth Strategies LLC Has $622,000 Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Precision Wealth Strategies LLC raised its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,345 shares of the financial services provider’s stock after purchasing an additional 133 shares during the quarter. Precision Wealth Strategies LLC’s holdings in ServisFirst Bancshares were worth $622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SFBS. Victory Capital Management Inc. lifted its holdings in ServisFirst Bancshares by 2,704.5% during the third quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock worth $33,428,000 after acquiring an additional 400,694 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at about $10,507,000. Sanctuary Advisors LLC bought a new position in shares of ServisFirst Bancshares during the 2nd quarter valued at about $7,181,000. Stonegate Investment Group LLC grew its position in shares of ServisFirst Bancshares by 13.5% in the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock valued at $80,280,000 after purchasing an additional 112,521 shares during the period. Finally, Principal Financial Group Inc. increased its stake in ServisFirst Bancshares by 11.6% during 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 purchasing an additional 108,088 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SFBS. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Hovde Group upped their target price 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. Finally, StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

ServisFirst Bancshares Trading Up 0.5 %

NYSE:SFBS opened at $90.60 on Friday. The company has a market cap of $4.94 billion, a P/E ratio of 21.78 and a beta of 0.91. ServisFirst Bancshares, Inc. has a twelve month low of $58.05 and a twelve month high of $101.37. The business has a 50 day moving average price of $89.62 and a two-hundred day moving average price of $84.62. 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 announced its earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping 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 in the previous year, the business earned $0.91 earnings per share. As a group, analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a $0.335 dividend. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 2nd. This represents a $1.34 annualized dividend and a dividend yield of 1.48%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 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.