ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,264 shares of the financial services provider’s stock after selling 14,260 shares during the period. California Public Employees Retirement System’s holdings in ServisFirst Bancshares were worth $2,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates grew 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ServisFirst Bancshares by 16.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,788 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,562 shares during the period. Strs Ohio purchased a new stake in ServisFirst Bancshares in the third quarter valued at approximately $67,000. Keel Point LLC increased its holdings in ServisFirst Bancshares by 1.1% in the 3rd quarter. Keel Point LLC now owns 39,665 shares of the financial services provider’s stock worth $2,069,000 after buying an additional 417 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in ServisFirst Bancshares during the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

SFBS has been the topic of several recent research reports. Piper Sandler upped their price objective 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. StockNews.com raised shares of ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd.

ServisFirst Bancshares Stock Up 2.0 %

Shares of SFBS stock opened at $62.83 on Monday. ServisFirst Bancshares, Inc. has a twelve month low of $39.27 and a twelve month high of $70.84. The stock has a market cap of $3.42 billion, a P/E ratio of 17.21 and a beta of 0.91. The stock has a 50 day moving average of $62.51 and a 200 day moving average of $60.00. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio is currently 32.88%.

About ServisFirst Bancshares

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.