6,141 Shares in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,141 shares of the financial services provider’s stock, valued at approximately $409,000.

Several other institutional investors also recently modified their holdings of the business. Northern Trust Corp increased its stake in shares of ServisFirst Bancshares by 0.3% in the 3rd quarter. Northern Trust Corp now owns 607,774 shares of the financial services provider’s stock worth $31,708,000 after acquiring an additional 1,788 shares in the last quarter. Raymond James & Associates increased its stake in ServisFirst Bancshares by 12.5% during the 3rd quarter. Raymond James & Associates now owns 188,808 shares of the financial services provider’s stock valued at $9,850,000 after purchasing an additional 20,986 shares in the last quarter. American Century Companies Inc. increased its stake in ServisFirst Bancshares by 68.0% during the 3rd quarter. American Century Companies Inc. now owns 164,914 shares of the financial services provider’s stock valued at $8,604,000 after purchasing an additional 66,728 shares in the last quarter. Swiss National Bank increased its stake in ServisFirst Bancshares by 0.8% during the 3rd quarter. Swiss National Bank now owns 113,368 shares of the financial services provider’s stock valued at $5,914,000 after purchasing an additional 900 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in ServisFirst Bancshares by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 55,524 shares of the financial services provider’s stock valued at $2,897,000 after purchasing an additional 5,159 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ServisFirst Bancshares Stock Performance

SFBS opened at $60.75 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 16.64 and a beta of 0.88. The company’s 50 day moving average is $62.79 and its 200 day moving average is $59.67. ServisFirst Bancshares, Inc. has a 12-month low of $39.27 and a 12-month high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $109.07 million for the quarter, compared to the consensus estimate of $107.00 million. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s payout ratio is 32.88%.

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.