Raymond James Financial Services Advisors Inc. Sells 2,073 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Raymond James Financial Services Advisors Inc. lessened its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,284 shares of the financial services provider’s stock after selling 2,073 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in ServisFirst Bancshares were worth $885,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Algert Global LLC bought a new stake in ServisFirst Bancshares in the third quarter worth $1,212,000. Trexquant Investment LP increased its position in ServisFirst Bancshares by 123.6% in the third quarter. Trexquant Investment LP now owns 16,721 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 9,243 shares during the last quarter. California Public Employees Retirement System boosted its stake in ServisFirst Bancshares by 10.2% during the third quarter. California Public Employees Retirement System now owns 55,524 shares of the financial services provider’s stock worth $2,897,000 after buying an additional 5,159 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in ServisFirst Bancshares during the third quarter worth $2,338,000. Finally, SG Americas Securities LLC purchased a new position in ServisFirst Bancshares during the third quarter worth $1,163,000. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

SFBS has been the subject of several recent analyst reports. Piper Sandler lifted their price objective on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com raised shares of ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

ServisFirst Bancshares Stock Up 0.0 %

NASDAQ SFBS opened at $59.58 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $63.14 and a two-hundred day moving average of $59.18. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 15.72 and a beta of 0.88. ServisFirst Bancshares, Inc. has a 52 week low of $39.27 and a 52 week high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $109.07 million during the quarter, compared to analyst estimates of $107.00 million. ServisFirst Bancshares had a net margin of 24.52% and a return on equity of 15.48%. On average, analysts predict that ServisFirst Bancshares, Inc. will post 3.51 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio is currently 31.66%.

About ServisFirst Bancshares

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.