Vanguard Group Inc. Has $487.53 Million Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Vanguard Group Inc. grew its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,902,237 shares of the financial services provider’s stock after purchasing an additional 187,715 shares during the period. Vanguard Group Inc. owned about 10.81% of ServisFirst Bancshares worth $487,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $19,639,000. Victory Capital Management Inc. boosted its position in ServisFirst Bancshares by 25.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,072,614 shares of the financial services provider’s stock worth $88,598,000 after buying an additional 214,879 shares during the period. GAMMA Investing LLC boosted its position in ServisFirst Bancshares by 2,878.9% during the 1st quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider’s stock worth $11,592,000 after buying an additional 135,626 shares during the period. Cubist Systematic Strategies LLC boosted its position in ServisFirst Bancshares by 340.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 67,640 shares of the financial services provider’s stock worth $5,732,000 after buying an additional 52,294 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $3,391,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Down 1.2%

NYSE:SFBS opened at $82.84 on Friday. The firm’s fifty day moving average is $78.91 and its 200-day moving average is $79.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $101.37. The firm has a market cap of $4.52 billion, a P/E ratio of 18.13 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. The company had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the firm posted $0.95 EPS. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed 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 1.6%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is currently 29.32%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd.

About ServisFirst Bancshares

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.