Arizona State Retirement System Has $1.23 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Arizona State Retirement System lessened its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,866 shares of the financial services provider’s stock after selling 169 shares during the quarter. Arizona State Retirement System’s holdings in ServisFirst Bancshares were worth $1,228,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of ServisFirst Bancshares in the fourth quarter valued at $30,000. Sterling Capital Management LLC increased its position in shares of ServisFirst Bancshares by 761.6% during 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 last quarter. KBC Group NV raised its holdings in shares of ServisFirst Bancshares by 6.0% during the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider’s stock worth $204,000 after buying an additional 140 shares in the last quarter. Advisors Capital Management LLC acquired a new position in ServisFirst Bancshares in the 4th quarter worth about $210,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $219,000. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

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

ServisFirst Bancshares Price Performance

NYSE SFBS opened at $82.99 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $77.03 and its 200 day moving average price is $80.24. ServisFirst Bancshares, Inc. has a 1 year low of $66.48 and a 1 year high of $101.37. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.86 and a beta of 0.84.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share 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 last year, the business posted $0.94 EPS. As a group, equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, July 1st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is presently 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.