GAMMA Investing LLC Purchases 535 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

GAMMA Investing LLC lifted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 138.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 921 shares of the financial services provider’s stock after purchasing an additional 535 shares during the quarter. GAMMA Investing LLC’s holdings in ServisFirst Bancshares were worth $74,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Champlain Investment Partners LLC increased its stake in ServisFirst Bancshares by 34.0% during the first 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 last quarter. Norden Group LLC increased its position in shares of 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 valued at $17,696,000 after purchasing an additional 257,015 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $378,228,000 after buying an additional 221,507 shares during the period. Sanctuary Advisors LLC bought a new stake in ServisFirst Bancshares in the second quarter worth $7,181,000. Finally, Mutual of America Capital Management LLC boosted its stake in ServisFirst Bancshares by 213.9% during the first quarter. Mutual of America Capital Management LLC now owns 110,164 shares of the financial services provider’s stock worth $7,310,000 after buying an additional 75,069 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $85.03 on Wednesday. ServisFirst Bancshares, Inc. has a 52 week low of $45.21 and a 52 week high of $87.11. The company has a market capitalization of $4.63 billion, a PE ratio of 23.49 and a beta of 0.86. The stock’s fifty day moving average is $78.56 and its two-hundred day moving average is $69.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $114.77 million during the quarter, compared to analyst estimates of $114.80 million. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. As a group, analysts expect that ServisFirst Bancshares, Inc. will post 3.88 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is presently 33.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Hovde Group increased their price objective on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th.

Insider Activity at ServisFirst Bancshares

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the transaction, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.40% of the stock is owned by company insiders.

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.