Bank of New York Mellon Corp Has $37.66 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Bank of New York Mellon Corp lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,877 shares of the financial services provider’s stock after selling 8,529 shares during the period. Bank of New York Mellon Corp owned about 0.83% of ServisFirst Bancshares worth $37,655,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. KBC Group NV raised its position in ServisFirst Bancshares by 6.0% in the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 140 shares during the period. SG Americas Securities LLC purchased a new position in ServisFirst Bancshares in the 1st quarter worth $991,000. Bessemer Group Inc. raised its position in ServisFirst Bancshares by 6.4% in the 1st quarter. Bessemer Group Inc. now owns 21,961 shares of the financial services provider’s stock worth $1,814,000 after purchasing an additional 1,321 shares during the period. Principal Financial Group Inc. raised its position in ServisFirst Bancshares by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,056,878 shares of the financial services provider’s stock worth $87,298,000 after purchasing an additional 3,405 shares during the period. Finally, Diversified Trust Co raised its position in ServisFirst Bancshares by 41.6% in the 1st quarter. Diversified Trust Co now owns 18,989 shares of the financial services provider’s stock worth $1,568,000 after purchasing an additional 5,574 shares during the period. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered 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 Price Performance

Shares of SFBS opened at $82.95 on Tuesday. The firm has a 50-day simple moving average of $76.23 and a two-hundred day simple moving average of $80.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. ServisFirst Bancshares, Inc. has a 1-year low of $66.48 and a 1-year high of $101.37. The stock has a market cap of $4.53 billion, a PE ratio of 18.85 and a beta of 0.84.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.62%. ServisFirst Bancshares’s payout ratio is 30.45%.

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.