Rhumbline Advisers Buys 3,259 Shares of ServisFirst Bancshares, Inc. $SFBS

Rhumbline Advisers boosted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,283 shares of the financial services provider’s stock after purchasing an additional 3,259 shares during the quarter. Rhumbline Advisers’ holdings in ServisFirst Bancshares were worth $10,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. increased its holdings in ServisFirst Bancshares by 7.2% in the 1st quarter. Federated Hermes Inc. now owns 74,088 shares of the financial services provider’s stock valued at $6,120,000 after buying an additional 4,951 shares during the period. Natixis Advisors LLC boosted its position in shares of ServisFirst Bancshares by 32.4% during the 1st quarter. Natixis Advisors LLC now owns 21,772 shares of the financial services provider’s stock worth $1,798,000 after acquiring an additional 5,328 shares in the last quarter. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 3.3% in the first quarter. Vanguard Group Inc. now owns 5,902,237 shares of the financial services provider’s stock valued at $487,525,000 after acquiring an additional 187,715 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ServisFirst Bancshares by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 539,480 shares of the financial services provider’s stock valued at $44,561,000 after purchasing an additional 18,415 shares in the last quarter. Finally, Nuveen LLC acquired a new position in ServisFirst Bancshares during the first quarter valued at approximately $12,726,000. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $71.13 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.89 billion, a PE ratio of 15.23 and a beta of 0.94. ServisFirst Bancshares, Inc. has a 12-month low of $66.48 and a 12-month high of $98.50. The business has a 50-day simple moving average of $74.63 and a two-hundred day simple moving average of $78.15.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share for the quarter. ServisFirst Bancshares had a return on equity of 15.67% and a net margin of 25.24%.The company had revenue of $104.27 million for the quarter. Analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research downgraded ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, November 24th. Raymond James Financial upgraded ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Tuesday, October 7th. Hovde Group dropped their target price on shares of ServisFirst Bancshares from $92.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, October 21st. Finally, Piper Sandler decreased their price target on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.67.

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.