Vanguard Group Inc. Has $365.01 Million Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Vanguard Group Inc. increased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,478,138 shares of the financial services provider’s stock after purchasing an additional 47,885 shares during the quarter. Vanguard Group Inc. owned approximately 10.05% of ServisFirst Bancshares worth $365,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in ServisFirst Bancshares during the fourth quarter worth about $42,000. Scarborough Advisors LLC purchased a new position in ServisFirst Bancshares during the fourth quarter worth about $102,000. Strs Ohio raised its position in ServisFirst Bancshares by 38.5% in the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 500 shares during the period. Quadrant Capital Group LLC raised its position in ServisFirst Bancshares by 54.1% in the fourth quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 830 shares during the period. Finally, Xponance Inc. bought a new stake in ServisFirst Bancshares in the fourth quarter worth about $205,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $60.73 on Friday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 16.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. ServisFirst Bancshares, Inc. has a 52 week low of $39.27 and a 52 week high of $70.84. The firm’s 50-day simple moving average is $61.71 and its two-hundred day simple moving average is $62.99.

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

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, July 1st. ServisFirst Bancshares’s dividend payout ratio 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.