12,574 ServisFirst Bancshares, Inc. $SFBS Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 93.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,013 shares of the financial services provider’s stock after acquiring an additional 12,574 shares during the period. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in ServisFirst Bancshares by 11.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of ServisFirst Bancshares by 23.9% during the second quarter. GAMMA Investing LLC now owns 1,478 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 285 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of ServisFirst Bancshares by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 8,462 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 306 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of ServisFirst Bancshares by 1.8% during the first quarter. HB Wealth Management LLC now owns 19,599 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 353 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ServisFirst Bancshares during the second quarter worth about $31,000. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

SFBS has been the subject of several recent research reports. Raymond James Financial downgraded ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $50.00 to $45.00 in a research note on Tuesday, October 6th. Piper Sandler cut their target price on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Zacks Research lowered shares of ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

ServisFirst Bancshares Stock Down 0.7%

Shares of SFBS opened at $40.22 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 12.83 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 12 month low of $33.60 and a 12 month high of $46.04. The stock’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $40.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). ServisFirst Bancshares had a net margin of 32.53% and a return on equity of 17.66%. The company had revenue of $172.93 million during the quarter, compared to the consensus estimate of $173.13 million. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 3.18 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 1st. ServisFirst Bancshares’s payout ratio is currently 24.28%.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides commercial and consumer banking services to businesses, professionals and individuals.

The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.

Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.