Yousif Capital Management LLC Lowers Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Yousif Capital Management LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,027 shares of the financial services provider’s stock after selling 387 shares during the quarter. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SFBS. Orion Portfolio Solutions LLC lifted its stake in shares of ServisFirst Bancshares by 2.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock valued at $448,000 after buying an additional 128 shares in the last quarter. Precision Wealth Strategies LLC boosted its stake in ServisFirst Bancshares by 1.8% in the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 133 shares during the period. Creative Planning grew its holdings in ServisFirst Bancshares by 6.5% during the 3rd 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 in the last quarter. Raymond James Trust N.A. raised its position in shares of ServisFirst Bancshares by 5.7% during the third quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock valued at $390,000 after buying an additional 263 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC lifted its holdings in shares of ServisFirst Bancshares by 13.7% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider’s stock worth $266,000 after buying an additional 378 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

SFBS has been the topic of several research analyst reports. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, Piper Sandler raised their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th.

ServisFirst Bancshares Price Performance

SFBS stock opened at $89.10 on Thursday. The company has a fifty day simple moving average of $88.77 and a two-hundred day simple moving average of $85.30. ServisFirst Bancshares, Inc. has a 52 week low of $58.10 and a 52 week high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.86 billion, a P/E ratio of 21.42 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period last year, the company earned $0.91 earnings per share. Analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.50%. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio is presently 32.21%.

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.