Citigroup Inc. Has $2.09 Million Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Citigroup Inc. grew its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,345 shares of the financial services provider’s stock after purchasing an additional 5,816 shares during the quarter. Citigroup Inc. owned approximately 0.06% of ServisFirst Bancshares worth $2,091,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SFBS. State Street Corp lifted its holdings in shares of ServisFirst Bancshares by 12.9% in the second quarter. State Street Corp now owns 2,146,142 shares of the financial services provider’s stock valued at $169,867,000 after purchasing an additional 245,142 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of ServisFirst Bancshares by 1.2% in the third quarter. BlackRock Inc. now owns 7,477,877 shares of the financial services provider’s stock valued at $598,231,000 after purchasing an additional 88,214 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ServisFirst Bancshares by 1,112.9% in the second quarter. Renaissance Technologies LLC now owns 75,200 shares of the financial services provider’s stock valued at $5,935,000 after purchasing an additional 69,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ServisFirst Bancshares by 1.0% in the third quarter. Vanguard Group Inc. now owns 5,314,624 shares of the financial services provider’s stock valued at $425,170,000 after purchasing an additional 55,172 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in ServisFirst Bancshares during the third quarter worth $3,322,000. Institutional investors own 63.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SFBS shares. Piper Sandler dropped their price target on ServisFirst Bancshares from $60.00 to $52.00 in a report on Tuesday, April 18th. Raymond James started coverage on ServisFirst Bancshares in a report on Thursday, April 6th. They set a “market perform” rating on the stock. Finally, StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a report on Tuesday, May 16th.

Insider Activity

In related news, CEO Thomas A. Broughton acquired 2,775 shares of the stock in a transaction on Thursday, May 4th. The stock was purchased at an average price of $44.60 per share, for a total transaction of $123,765.00. Following the completion of the transaction, the chief executive officer now owns 2,775 shares of the company’s stock, valued at approximately $123,765. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Thomas A. Broughton bought 3,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were purchased at an average price of $49.95 per share, with a total value of $149,850.00. Following the purchase, the chief executive officer now owns 259,691 shares of the company’s stock, valued at approximately $12,971,565.45. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas A. Broughton purchased 2,775 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average cost of $44.60 per share, with a total value of $123,765.00. Following the completion of the transaction, the chief executive officer now owns 2,775 shares in the company, valued at $123,765. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 10,295 shares of company stock valued at $514,244. Insiders own 8.22% of the company’s stock.

ServisFirst Bancshares Price Performance

Shares of NASDAQ SFBS opened at $43.41 on Thursday. The stock has a market cap of $2.36 billion, a PE ratio of 9.84 and a beta of 0.84. ServisFirst Bancshares, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $93.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $50.06 and a 200-day moving average of $63.69.

ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last posted its earnings results on Monday, April 17th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. ServisFirst Bancshares had a return on equity of 19.78% and a net margin of 38.21%. The business had revenue of $114.62 million during the quarter, compared to analysts’ expectations of $118.91 million. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.84 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Monday, April 3rd were issued a $0.28 dividend. The ex-dividend date was Friday, March 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.58%. ServisFirst Bancshares’s dividend payout ratio is currently 24.30%.

ServisFirst Bancshares Profile

(Get Rating)

ServisFirst Bancshares, Inc is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.