ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,135 shares of the financial services provider’s stock after selling 999 shares during the period. New York State Teachers Retirement System’s holdings in ServisFirst Bancshares were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LifeSteps Financial Inc. acquired a new stake in shares of ServisFirst Bancshares during the fourth quarter worth $213,000. Red Door Wealth Management LLC acquired a new position in ServisFirst Bancshares during the fourth quarter valued at $924,000. Portside Wealth Group LLC lifted its position in ServisFirst Bancshares by 5.1% during the fourth quarter. Portside Wealth Group LLC now owns 14,546 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 706 shares during the period. HB Wealth Management LLC lifted its position in ServisFirst Bancshares by 8.8% during the fourth quarter. HB Wealth Management LLC now owns 19,027 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 1,542 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new position in ServisFirst Bancshares during the fourth quarter valued at $406,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Up 0.3 %

SFBS opened at $59.05 on Friday. ServisFirst Bancshares, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $70.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $63.10 and a two-hundred day moving average of $59.23. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 15.58 and a beta of 0.88.

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

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.03%. ServisFirst Bancshares’s payout ratio is 31.66%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. StockNews.com upgraded shares of ServisFirst Bancshares to a “sell” rating in a research report on Tuesday, January 23rd.

ServisFirst Bancshares Company 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.