ServisFirst Bancshares (NASDAQ:SFBS) Shares Gap Up to $61.30

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $61.30, but opened at $64.69. ServisFirst Bancshares shares last traded at $64.38, with a volume of 43,047 shares changing hands.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Trading Up 0.7 %

The company has a 50 day simple moving average of $63.01 and a 200 day simple moving average of $59.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.44 billion, a PE ratio of 16.44 and a beta of 0.88.

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 the consensus estimate of $107.00 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. Analysts predict that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm 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 1.90%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.88%.

Hedge Funds Weigh In On ServisFirst Bancshares

A number of large investors have recently modified their holdings of SFBS. GAMMA Investing LLC purchased a new position in shares of ServisFirst Bancshares during the 4th quarter worth approximately $42,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of ServisFirst Bancshares in the 3rd quarter worth approximately $52,000. Strs Ohio acquired a new stake in shares of ServisFirst Bancshares in the 3rd quarter worth approximately $67,000. Scarborough Advisors LLC acquired a new stake in shares of ServisFirst Bancshares in the 4th quarter worth approximately $102,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of ServisFirst Bancshares by 54.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 830 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

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.