ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) by 73.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,230 shares of the financial services provider’s stock after buying an additional 3,068 shares during the period. SG Americas Securities LLC’s holdings in ServisFirst Bancshares were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new stake in ServisFirst Bancshares during the 2nd quarter worth about $3,352,000. Stonegate Investment Group LLC lifted its position in shares of ServisFirst Bancshares by 55.7% in the second quarter. Stonegate Investment Group LLC now owns 62,459 shares of the financial services provider’s stock worth $4,929,000 after purchasing an additional 22,349 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of ServisFirst Bancshares by 18.1% in the second quarter. WINTON GROUP Ltd now owns 3,523 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 539 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ServisFirst Bancshares in the second quarter worth approximately $1,162,000. Finally, Russell Investments Group Ltd. increased its holdings in ServisFirst Bancshares by 18.3% in the second quarter. Russell Investments Group Ltd. now owns 14,663 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 2,267 shares during the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

Analyst Ratings Changes

Separately, downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, December 15th.

ServisFirst Bancshares Trading Up 1.5 %

Shares of ServisFirst Bancshares stock opened at $71.77 on Monday. The company’s fifty day simple moving average is $71.55 and its 200-day simple moving average is $78.45. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 16.46 and a beta of 0.92. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. ServisFirst Bancshares, Inc. has a 1 year low of $63.53 and a 1 year high of $97.25.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, January 3rd were paid a $0.28 dividend. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, December 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.56%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 25.69%.

ServisFirst Bancshares Company Profile

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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, such as 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.

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Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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