UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,454 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,368 shares of the financial services provider’s stock after selling 11,454 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of ServisFirst Bancshares worth $5,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SFBS. Victory Capital Management Inc. increased its stake in ServisFirst Bancshares by 2,704.5% in the third quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock valued at $33,428,000 after acquiring an additional 400,694 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in ServisFirst Bancshares in the third quarter valued at approximately $10,507,000. Sanctuary Advisors LLC acquired a new stake in ServisFirst Bancshares in the second quarter valued at approximately $7,181,000. Principal Financial Group Inc. boosted its position in ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after buying an additional 108,088 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in ServisFirst Bancshares in the second quarter valued at approximately $4,453,000. 67.31% of the stock is owned by institutional investors.

Insider Activity at ServisFirst Bancshares

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares of the company’s stock, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $94.61 on Wednesday. The firm has a market cap of $5.16 billion, a PE ratio of 25.30 and a beta of 0.88. The firm’s fifty day moving average is $89.18 and its 200-day moving average is $77.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a 52 week low of $55.83 and a 52 week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The business had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.27%. ServisFirst Bancshares’s payout ratio is 32.09%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler raised their target price on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Hovde Group raised their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, November 24th.

ServisFirst Bancshares 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.