Bank of America Corp DE Sells 4,095 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of America Corp DE lowered its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,069 shares of the financial services provider’s stock after selling 4,095 shares during the period. Bank of America Corp DE owned about 0.16% of ServisFirst Bancshares worth $7,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of ServisFirst Bancshares in the fourth quarter valued at about $30,000. R Squared Ltd purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter worth approximately $69,000. Sterling Capital Management LLC grew its stake in ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 747 shares during the period. Finally, KBC Group NV raised its position in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $72.96 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 17.54 and a beta of 0.83. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.51 and a fifty-two week high of $101.37. The business’s 50-day moving average is $74.77 and its two-hundred day moving average is $84.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the business earned $0.94 earnings per share. Research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio is currently 30.45%.

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.