ServisFirst Bancshares, Inc. $SFBS Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. boosted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 514,203 shares of the financial services provider’s stock after purchasing an additional 48,993 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.94% of ServisFirst Bancshares worth $41,409,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SFBS. Hsbc Holdings PLC increased its stake in ServisFirst Bancshares by 34.1% in the first quarter. Hsbc Holdings PLC now owns 7,916 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 2,014 shares during the period. Kestra Advisory Services LLC increased its position in ServisFirst Bancshares by 13.1% in the 1st quarter. Kestra Advisory Services LLC now owns 12,891 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 1,492 shares during the period. Quarry LP raised its stake in ServisFirst Bancshares by 52.8% during the 1st quarter. Quarry LP now owns 544 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 188 shares during the last quarter. Royal Bank of Canada raised its stake in ServisFirst Bancshares by 17.2% during the 1st quarter. Royal Bank of Canada now owns 16,815 shares of the financial services provider’s stock valued at $1,390,000 after acquiring an additional 2,465 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in ServisFirst Bancshares by 70.9% during the 1st quarter. AQR Capital Management LLC now owns 8,989 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 3,730 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $73.69 on Friday. The company has a 50-day simple moving average of $71.81 and a 200-day simple moving average of $77.93. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.03 billion, a PE ratio of 15.78 and a beta of 0.94. ServisFirst Bancshares, Inc. has a 52-week low of $66.48 and a 52-week high of $93.90.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Tuesday, August 10th. The financial services provider reported $1.07 EPS for the quarter. ServisFirst Bancshares had a net margin of 25.24% and a return on equity of 15.67%. The firm had revenue of $104.27 million for the quarter. Equities research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, January 2nd will be issued a $0.38 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34. ServisFirst Bancshares’s payout ratio is currently 32.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial upgraded ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a research note on Tuesday, October 7th. Hovde Group upgraded shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, December 19th. Zacks Research raised shares of ServisFirst Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research note on Monday, December 22nd. Finally, Piper Sandler cut their price target on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.00.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.