Invesco Ltd. Has $11.23 Million Holdings in ServisFirst Bancshares, Inc. $SFBS

Invesco Ltd. cut its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,993 shares of the financial services provider’s stock after selling 3,074 shares during the quarter. Invesco Ltd. owned 0.25% of ServisFirst Bancshares worth $11,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SFBS. Victory Capital Management Inc. raised its position in shares of ServisFirst Bancshares by 25.1% during the first quarter. Victory Capital Management Inc. now owns 1,072,614 shares of the financial services provider’s stock worth $88,598,000 after purchasing an additional 214,879 shares during the period. Vanguard Group Inc. raised its position in ServisFirst Bancshares by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 5,902,237 shares of the financial services provider’s stock valued at $487,525,000 after buying an additional 187,715 shares during the last quarter. GAMMA Investing LLC raised its position in ServisFirst Bancshares by 2,878.9% in the 1st quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider’s stock valued at $11,592,000 after buying an additional 135,626 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in ServisFirst Bancshares by 340.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 67,640 shares of the financial services provider’s stock valued at $5,732,000 after buying an additional 52,294 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new stake in ServisFirst Bancshares in the 4th quarter valued at $3,391,000. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Up 6.7%

SFBS stock opened at $88.3580 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.33 and a beta of 0.85. ServisFirst Bancshares, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $101.37. The stock has a fifty day moving average of $79.95 and a 200-day moving average of $79.09.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $132.11 million during the quarter, compared to the consensus estimate of $140.26 million. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%.During the same quarter in the prior year, the company earned $0.95 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, July 1st. This represents a $1.34 annualized dividend and a dividend yield of 1.5%. ServisFirst Bancshares’s dividend payout ratio is presently 29.32%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price objective on ServisFirst Bancshares from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.50.

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.