Northwestern Mutual Wealth Management Co. Grows Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Northwestern Mutual Wealth Management Co. increased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,292 shares of the financial services provider’s stock after buying an additional 540 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ServisFirst Bancshares were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Quest Partners LLC boosted its stake in shares of ServisFirst Bancshares by 4,880.0% in the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 976 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in ServisFirst Bancshares in the 2nd quarter worth approximately $84,000. Scarborough Advisors LLC purchased a new stake in ServisFirst Bancshares during the 4th quarter valued at approximately $102,000. CIBC Asset Management Inc raised its position 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 valued at $210,000 after buying an additional 267 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of ServisFirst Bancshares in the first quarter worth $217,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.9 %

NYSE SFBS opened at $77.57 on Wednesday. The stock has a 50 day moving average price of $78.26 and a 200-day moving average price of $69.16. ServisFirst Bancshares, Inc. has a one year low of $45.21 and a one year high of $86.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $4.23 billion, a P/E ratio of 21.25 and a beta of 0.86.

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. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. The business had revenue of $114.77 million during the quarter, compared to analyst estimates of $114.80 million. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 3.88 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.55%. ServisFirst Bancshares’s dividend payout ratio is currently 32.88%.

Insiders Place Their Bets

In other news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at $24,805,505.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Hovde Group raised 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. Piper Sandler raised their price objective on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th.

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.