American Century Companies Inc. Cuts Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

American Century Companies Inc. lessened its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,642 shares of the financial services provider’s stock after selling 23,330 shares during the quarter. American Century Companies Inc. owned about 0.36% of ServisFirst Bancshares worth $12,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC increased its position in shares of ServisFirst Bancshares by 4,880.0% during the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 976 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in ServisFirst Bancshares in the fourth quarter valued at about $102,000. Coldstream Capital Management Inc. acquired a new stake in ServisFirst Bancshares in the fourth quarter worth about $210,000. CIBC Asset Management Inc grew its stake in shares of ServisFirst Bancshares by 8.7% during the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 267 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of ServisFirst Bancshares during the first quarter valued at about $217,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SFBS. Hovde Group boosted their target price on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th. Piper Sandler boosted their price objective on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th.

ServisFirst Bancshares Trading Down 2.0 %

ServisFirst Bancshares stock opened at $84.50 on Friday. The stock has a 50-day moving average price of $78.06 and a 200 day moving average price of $67.81. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.15 and a beta of 0.87. ServisFirst Bancshares, Inc. has a 52 week low of $45.21 and a 52 week high of $86.46. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

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

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders 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 yield of 1.42%. The ex-dividend date is Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is currently 32.88%.

Insider Buying and Selling at ServisFirst Bancshares

In related news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at $24,805,505.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.40% of the company’s stock.

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.