Osaic Holdings Inc. Boosts Stock Holdings in ServisFirst Bancshares, Inc. $SFBS

Osaic Holdings Inc. grew its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 140.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,799 shares of the financial services provider’s stock after purchasing an additional 9,219 shares during the period. Osaic Holdings Inc.’s holdings in ServisFirst Bancshares were worth $1,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP grew its stake in ServisFirst Bancshares by 52.8% in the 1st quarter. Quarry LP now owns 544 shares of the financial services provider’s stock valued at $45,000 after buying an additional 188 shares in the last quarter. Royal Bank of Canada grew its position in shares of ServisFirst Bancshares by 17.2% in the first quarter. Royal Bank of Canada now owns 16,815 shares of the financial services provider’s stock valued at $1,390,000 after purchasing an additional 2,465 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of 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 valued at $742,000 after purchasing an additional 3,730 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ServisFirst Bancshares by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,194 shares of the financial services provider’s stock worth $2,494,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in ServisFirst Bancshares by 107.3% in the 1st quarter. Millennium Management LLC now owns 146,442 shares of the financial services provider’s stock worth $12,096,000 after purchasing an additional 75,799 shares during the period. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $71.73 on Friday. The company’s fifty day moving average price is $71.82 and its 200-day moving average price is $77.86. 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 firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 15.36 and a beta of 0.93. ServisFirst Bancshares, Inc. has a one year low of $66.48 and a one year high of $93.90.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $104.27 million during the quarter. ServisFirst Bancshares had a net margin of 25.24% and a return on equity of 15.67%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.34. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 28.69%.

Analysts Set New Price Targets

SFBS has been the topic of several analyst reports. Piper Sandler decreased their price target on ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday. Raymond James Financial raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report 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 target for the company in a research report on Friday, December 19th. Finally, Zacks Research upgraded ServisFirst Bancshares from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, ServisFirst Bancshares 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.