Victory Capital Management Inc. Has $936,000 Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Victory Capital Management Inc. reduced its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,816 shares of the financial services provider’s stock after selling 422 shares during the period. Victory Capital Management Inc.’s holdings in ServisFirst Bancshares were worth $936,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. US Bancorp DE lifted its stake in shares of ServisFirst Bancshares by 0.9% in the 1st quarter. US Bancorp DE now owns 19,439 shares of the financial services provider’s stock valued at $1,290,000 after purchasing an additional 181 shares during the period. Precision Wealth Strategies LLC increased its holdings in ServisFirst Bancshares by 2.5% in the first quarter. Precision Wealth Strategies LLC now owns 7,868 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 191 shares during the last quarter. CIBC Asset Management Inc lifted its stake in ServisFirst Bancshares by 8.7% in the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock valued at $210,000 after buying an additional 267 shares during the period. Cetera Advisors LLC boosted its holdings in ServisFirst Bancshares by 1.0% during the first quarter. Cetera Advisors LLC now owns 30,958 shares of the financial services provider’s stock worth $2,054,000 after buying an additional 317 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in ServisFirst Bancshares by 2.7% during the second quarter. Diversified Trust Co now owns 12,564 shares of the financial services provider’s stock worth $794,000 after buying an additional 330 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Down 2.0 %

NYSE:SFBS opened at $84.50 on Friday. ServisFirst Bancshares, Inc. has a 1 year low of $45.21 and a 1 year high of $86.46. The stock has a 50-day moving average price of $78.06 and a two-hundred day moving average price of $67.79. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 23.15 and a beta of 0.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $114.77 million during the quarter, compared to analyst estimates of $114.80 million. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. As a group, equities analysts expect that ServisFirst Bancshares, Inc. will post 3.82 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is 32.88%.

Insider Buying and Selling

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the sale, the chief operating officer now owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SFBS has been the topic of a number of analyst reports. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Hovde Group upped their target price on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th.

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.