ServisFirst Bancshares, Inc. $SFBS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 37.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,797 shares of the financial services provider’s stock after selling 12,427 shares during the period. Intech Investment Management LLC’s holdings in ServisFirst Bancshares were worth $1,493,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SFBS. JPMorgan Chase & Co. grew its stake in shares of ServisFirst Bancshares by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock worth $77,483,000 after acquiring an additional 199,772 shares during the last quarter. First Trust Advisors LP grew its stake in shares of ServisFirst Bancshares by 61.6% in the third quarter. First Trust Advisors LP now owns 528,011 shares of the financial services provider’s stock worth $42,521,000 after acquiring an additional 201,309 shares during the last quarter. Welch Group LLC grew its stake in shares of ServisFirst Bancshares by 2.0% in the fourth quarter. Welch Group LLC now owns 1,003,503 shares of the financial services provider’s stock worth $72,041,000 after acquiring an additional 19,727 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of ServisFirst Bancshares by 5.1% in the third quarter. Champlain Investment Partners LLC now owns 2,696,260 shares of the financial services provider’s stock worth $217,130,000 after acquiring an additional 129,732 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of ServisFirst Bancshares by 4.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 536,197 shares of the financial services provider’s stock worth $38,494,000 after acquiring an additional 21,994 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

SFBS has been the topic of several research analyst reports. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research cut ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Hovde Group raised their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Piper Sandler raised their target price on ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $94.33.

ServisFirst Bancshares Stock Up 0.3%

Shares of SFBS stock opened at $78.23 on Friday. The stock has a market cap of $4.28 billion, a P/E ratio of 14.43 and a beta of 0.88. ServisFirst Bancshares, Inc. has a one year low of $67.20 and a one year high of $90.64. The stock has a fifty day moving average price of $77.00 and a 200 day moving average price of $77.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, April 20th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $158.99 million during the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. Analysts predict that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Wednesday, April 1st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 28.04%.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.