Mutual of America Capital Management LLC Buys 429 Shares of ServisFirst Bancshares, Inc. $SFBS

Mutual of America Capital Management LLC raised its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,323 shares of the financial services provider’s stock after buying an additional 429 shares during the period. Mutual of America Capital Management LLC owned 0.28% of ServisFirst Bancshares worth $11,884,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vest Financial LLC bought a new position in ServisFirst Bancshares during the second quarter valued at about $1,138,000. Yousif Capital Management LLC raised its holdings in ServisFirst Bancshares by 1.1% during the second quarter. Yousif Capital Management LLC now owns 18,918 shares of the financial services provider’s stock valued at $1,466,000 after buying an additional 205 shares in the last quarter. Index Fund Advisors Inc. bought a new position in ServisFirst Bancshares during the second quarter valued at about $892,000. Vanguard Personalized Indexing Management LLC grew its position in shares of ServisFirst Bancshares by 13.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,584 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 806 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of ServisFirst Bancshares by 19.6% in the second quarter. Inspire Investing LLC now owns 5,005 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 819 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SFBS has been the topic of several research analyst reports. Piper Sandler raised their price target on ServisFirst Bancshares from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Zacks Research downgraded ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Raymond James Financial raised ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ServisFirst Bancshares in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.00.

ServisFirst Bancshares Stock Up 0.5%

SFBS stock opened at $75.20 on Monday. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $101.37. The company has a market cap of $4.11 billion, a PE ratio of 16.45 and a beta of 0.85. The business’s 50-day simple moving average is $83.21 and its 200 day simple moving average is $78.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share for the quarter. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%.The business had revenue of $104.27 million for the quarter. On average, research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.8%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 29.32%.

Insiders Place Their Bets

In related news, CEO Thomas A. Broughton sold 22,206 shares of ServisFirst Bancshares stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $87.99, for a total transaction of $1,953,905.94. Following the sale, the chief executive officer directly owned 592,588 shares of the company’s stock, valued at $52,141,818.12. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.

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.