ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,330 shares of the financial services provider’s stock after selling 5,340 shares during the period. Everence Capital Management Inc.’s holdings in ServisFirst Bancshares were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in ServisFirst Bancshares during the third quarter worth $32,000. GAMMA Investing LLC increased its position in ServisFirst Bancshares by 138.6% during the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 535 shares in the last quarter. Quest Partners LLC raised its stake in ServisFirst Bancshares by 4,880.0% in the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 976 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in ServisFirst Bancshares in the 2nd quarter valued at about $84,000. Finally, LMR Partners LLP acquired a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $84.32 on Monday. 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 quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average price of $91.26 and a 200 day moving average price of $81.22. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 22.55 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. The business had revenue of $256.53 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.98 EPS. Sell-side analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is 35.83%.

Insider Activity

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now owns 8,501 shares of the company’s stock, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SFBS has been the subject of a number of analyst reports. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday. Piper Sandler increased their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Hovde Group lifted their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

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.