GAMMA Investing LLC Purchases 3,790 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

GAMMA Investing LLC lifted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 411.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,711 shares of the financial services provider’s stock after acquiring an additional 3,790 shares during the quarter. GAMMA Investing LLC’s holdings in ServisFirst Bancshares were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SFBS. Orion Portfolio Solutions LLC boosted its stake in ServisFirst Bancshares by 2.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 128 shares during the period. Cetera Investment Advisers raised its position in shares of ServisFirst Bancshares by 0.6% during the second quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock worth $2,036,000 after acquiring an additional 196 shares during the last quarter. Creative Planning lifted its holdings in ServisFirst Bancshares by 6.5% in the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after buying an additional 205 shares during the period. Inspire Investing LLC boosted its holdings in shares of ServisFirst Bancshares by 3.9% during the 2nd quarter. Inspire Investing LLC now owns 5,553 shares of the financial services provider’s stock worth $351,000 after buying an additional 206 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of ServisFirst Bancshares by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 43,131 shares of the financial services provider’s stock valued at $2,725,000 after buying an additional 254 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, 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 transaction, the senior vice president now directly owns 8,501 shares of the company’s stock, valued at $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is currently owned by company insiders.

ServisFirst Bancshares Stock Performance

SFBS stock opened at $84.32 on Monday. The stock’s fifty day moving average price is $91.26 and its 200-day moving average price is $81.22. The company has a market cap of $4.60 billion, a P/E ratio of 22.55 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 1 year low of $58.05 and a 1 year high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $256.53 million for the quarter, compared to analysts’ expectations of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a $0.335 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.34 annualized dividend and a yield of 1.59%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is presently 35.83%.

Analyst Ratings Changes

SFBS has been the subject of several research reports. Piper Sandler lifted their price target 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. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Hovde Group boosted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd.

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.