KBC Group NV Acquires 800 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

KBC Group NV increased its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 52.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,326 shares of the financial services provider’s stock after buying an additional 800 shares during the period. KBC Group NV’s holdings in ServisFirst Bancshares were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in SFBS. Point72 DIFC Ltd bought a new position in ServisFirst Bancshares in the third quarter worth about $32,000. GAMMA Investing LLC increased its position in shares of ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 535 shares in the last quarter. LMR Partners LLP purchased a new position in ServisFirst Bancshares during the 3rd quarter worth $203,000. Verition Fund Management LLC purchased a new stake in ServisFirst Bancshares in the third quarter valued at about $208,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in ServisFirst Bancshares in the 3rd quarter worth approximately $220,000. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Stock Up 3.1 %

NYSE:SFBS opened at $91.05 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day moving average price is $89.28 and its 200-day moving average price is $84.83. ServisFirst Bancshares, Inc. has a 1-year low of $58.05 and a 1-year high of $101.37. The firm has a market capitalization of $4.97 billion, a P/E ratio of 21.89 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 quarter in the prior year, the company posted $0.91 EPS. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current 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 given a dividend of $0.335 per share. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler lifted their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Hovde Group lifted their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th.

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.