ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,245 shares of the financial services provider’s stock after selling 523 shares during the quarter. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in ServisFirst Bancshares by 12.5% in the third 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ServisFirst Bancshares by 16.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,788 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 1,562 shares in the last quarter. Strs Ohio acquired a new position in ServisFirst Bancshares during the third quarter worth $67,000. Keel Point LLC lifted its holdings in ServisFirst Bancshares by 1.1% during the third quarter. Keel Point LLC now owns 39,665 shares of the financial services provider’s stock valued at $2,069,000 after purchasing an additional 417 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at about $52,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Performance

NASDAQ SFBS opened at $61.60 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day moving average is $62.52 and its two-hundred day moving average is $59.79. The firm has a market capitalization of $3.36 billion, a P/E ratio of 15.83 and a beta of 0.91. ServisFirst Bancshares, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results 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 business had revenue of $109.07 million during 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, research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.88%.

Wall Street Analyst Weigh In

SFBS has been the topic of several research analyst reports. Piper Sandler lifted their price objective on 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 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.