Yousif Capital Management LLC Sells 314 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Yousif Capital Management LLC cut its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,713 shares of the financial services provider’s stock after selling 314 shares during the period. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SFBS. Quarry LP bought a new position in ServisFirst Bancshares in the 4th quarter valued at $30,000. Sterling Capital Management LLC raised its position 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 purchasing an additional 1,051 shares during the period. Smartleaf Asset Management LLC raised its position in ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 747 shares during the period. Advisors Capital Management LLC purchased a new position in ServisFirst Bancshares in the 4th quarter worth $210,000. Finally, Occudo Quantitative Strategies LP purchased a new position in ServisFirst Bancshares in the 4th quarter worth $219,000. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Down 0.2%

Shares of SFBS opened at $72.44 on Tuesday. The firm’s 50-day moving average price is $73.30 and its 200-day moving average price is $82.03. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.41 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the firm earned $0.94 EPS. Sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

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.