Fisher Asset Management LLC Reduces Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Fisher Asset Management LLC lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,112 shares of the financial services provider’s stock after selling 2,309 shares during the quarter. Fisher Asset Management LLC’s holdings in ServisFirst Bancshares were worth $674,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in ServisFirst Bancshares by 1.9% in the fourth quarter. New York State Common Retirement Fund now owns 20,800 shares of the financial services provider’s stock valued at $1,386,000 after acquiring an additional 397 shares in the last quarter. Strs Ohio boosted its stake in ServisFirst Bancshares by 38.5% in the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 500 shares in the last quarter. Truist Financial Corp boosted its stake in ServisFirst Bancshares by 0.4% in the fourth quarter. Truist Financial Corp now owns 149,934 shares of the financial services provider’s stock valued at $9,990,000 after acquiring an additional 536 shares in the last quarter. GAMMA Investing LLC acquired a new position in ServisFirst Bancshares in the fourth quarter valued at $42,000. Finally, Portside Wealth Group LLC boosted its stake in ServisFirst Bancshares by 5.1% in the fourth quarter. Portside Wealth Group LLC now owns 14,546 shares of the financial services provider’s stock valued at $969,000 after acquiring an additional 706 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $58.74 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ServisFirst Bancshares, Inc. has a 1 year low of $39.27 and a 1 year high of $70.84. The company has a market capitalization of $3.20 billion, a PE ratio of 16.09 and a beta of 0.90. The company has a fifty day moving average of $61.65 and a two-hundred day moving average of $62.98.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. The business had revenue of $111.31 million during the quarter, compared to the consensus estimate of $108.14 million. As a group, analysts expect that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, July 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.04%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.88%.

About ServisFirst Bancshares

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.