Intech Investment Management LLC Makes New $408,000 Investment in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Intech Investment Management LLC bought a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,463 shares of the financial services provider’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SFBS. Vanguard Group Inc. grew its stake in shares of ServisFirst Bancshares by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock worth $378,228,000 after acquiring an additional 221,507 shares during the period. Champlain Investment Partners LLC increased its stake in ServisFirst Bancshares by 34.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,438,872 shares of the financial services provider’s stock worth $95,484,000 after acquiring an additional 364,720 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after purchasing an additional 36,302 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of ServisFirst Bancshares by 4.9% during the 2nd quarter. Principal Financial Group Inc. now owns 929,469 shares of the financial services provider’s stock valued at $58,733,000 after buying an additional 43,125 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in ServisFirst Bancshares by 5.1% during the fourth quarter. Wasatch Advisors LP now owns 837,189 shares of the financial services provider’s stock valued at $55,782,000 after purchasing an additional 40,866 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at approximately $24,805,505.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.40% of the stock is currently owned by corporate insiders.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $79.09 on Friday. ServisFirst Bancshares, Inc. has a 12 month low of $45.21 and a 12 month high of $86.46. The firm has a market capitalization of $4.31 billion, a P/E ratio of 21.67 and a beta of 0.87. The business has a fifty day simple moving average of $78.37 and a two-hundred day simple moving average of $68.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $114.77 million for the quarter, compared to the consensus estimate of $114.80 million. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.82 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.88%.

Wall Street Analyst Weigh In

Several research firms have commented on SFBS. Hovde Group lifted their price target on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th. Piper Sandler lifted their price objective on ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th.

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.