ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBSFree Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 112,921 shares of the financial services provider’s stock after selling 10,021 shares during the quarter. Stifel Financial Corp owned 0.21% of ServisFirst Bancshares worth $7,524,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $42,000. Strs Ohio boosted its stake in shares of ServisFirst Bancshares by 38.5% during the 4th quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 500 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ServisFirst Bancshares by 54.1% during 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 in the last quarter. Xponance Inc. bought a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $205,000. Finally, Mackenzie Financial Corp bought a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $207,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Performance

SFBS opened at $60.91 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 15.84 and a beta of 0.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $62.26. ServisFirst Bancshares, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBSGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $111.31 million during the quarter, compared to analyst estimates of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 3.75 EPS 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 given a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.97%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

ServisFirst Bancshares Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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