Atria Investments Inc Has $847,000 Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Atria Investments Inc lowered its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 29.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,525 shares of the financial services provider’s stock after selling 4,385 shares during the period. Atria Investments Inc’s holdings in ServisFirst Bancshares were worth $847,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in shares of ServisFirst Bancshares in the 1st quarter worth $2,125,000. Dimensional Fund Advisors LP lifted its stake in shares of ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock valued at $77,775,000 after buying an additional 36,302 shares in the last quarter. Savant Capital LLC lifted its stake in shares of ServisFirst Bancshares by 286.8% in the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock valued at $4,048,000 after buying an additional 47,502 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of ServisFirst Bancshares by 42.2% during the second quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider’s stock valued at $9,898,000 after buying an additional 46,469 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of ServisFirst Bancshares in the 2nd quarter worth about $408,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SFBS. Hovde Group lifted their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Piper Sandler raised their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

ServisFirst Bancshares Trading Down 1.0 %

NYSE:SFBS opened at $93.62 on Tuesday. ServisFirst Bancshares, Inc. has a 52 week low of $49.72 and a 52 week high of $100.14. The firm has a 50-day moving average price of $83.91 and a two-hundred day moving average price of $74.16. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 25.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 last year, the company posted $0.98 earnings per share. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.09%.

Insiders Place Their Bets

In related 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 completion of the sale, the chief operating officer now owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the sale, the senior vice president now directly owns 8,501 shares in the company, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

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.