Mutual of America Capital Management LLC Buys 26,510 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Mutual of America Capital Management LLC lifted its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 308.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,095 shares of the financial services provider’s stock after acquiring an additional 26,510 shares during the period. Mutual of America Capital Management LLC’s holdings in ServisFirst Bancshares were worth $2,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arlington Trust Co LLC acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter worth about $2,847,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ServisFirst Bancshares by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,809 shares of the financial services provider’s stock worth $1,586,000 after acquiring an additional 1,500 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter worth about $213,000. Red Door Wealth Management LLC acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter worth about $924,000. Finally, Portside Wealth Group LLC raised its holdings in shares of ServisFirst Bancshares by 5.1% in the 4th quarter. Portside Wealth Group LLC now owns 14,546 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 706 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 1.9 %

NASDAQ:SFBS opened at $60.15 on Friday. 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 firm has a market cap of $3.28 billion, a price-to-earnings ratio of 15.02 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. The firm has a 50-day moving average price of $63.07 and a two-hundred day moving average price of $59.23.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that ServisFirst Bancshares, Inc. will post 3.51 earnings per share for the current fiscal 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 paid a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a yield of 2.00%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 31.66%.

Wall Street Analysts Forecast Growth

SFBS has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. StockNews.com upgraded shares of ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

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.