Mutual of America Capital Management LLC Grows Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Mutual of America Capital Management LLC raised its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 42.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,633 shares of the financial services provider’s stock after acquiring an additional 46,469 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.29% of ServisFirst Bancshares worth $9,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $36,103,000. Champlain Investment Partners LLC increased its holdings in ServisFirst Bancshares by 34.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,438,872 shares of the financial services provider’s stock worth $95,484,000 after acquiring an additional 364,720 shares during the period. Norden Group LLC increased its holdings in ServisFirst Bancshares by 2,663.4% during the 1st quarter. Norden Group LLC now owns 266,665 shares of the financial services provider’s stock worth $17,696,000 after acquiring an additional 257,015 shares during the period. Vanguard Group Inc. increased its holdings in ServisFirst Bancshares by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock worth $378,228,000 after acquiring an additional 221,507 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter worth approximately $4,453,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SFBS. Piper Sandler upped their target price on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Hovde Group increased their price target on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $83.03 on Thursday. 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 one year low of $45.21 and a one year high of $86.38. The company’s fifty day moving average price is $77.36 and its 200-day moving average price is $67.50. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 22.75 and a beta of 0.87.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. The company had revenue of $114.77 million for the quarter, compared to analyst estimates of $114.80 million. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.82 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.45%. ServisFirst Bancshares’s payout ratio is currently 32.88%.

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.