HB Wealth Management LLC Makes New Investment in ServisFirst Bancshares, Inc. $SFBS

HB Wealth Management LLC purchased a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,130 shares of the financial services provider’s stock, valued at approximately $1,541,000.

Several other hedge funds have also modified their holdings of the stock. State of Wyoming purchased a new stake in ServisFirst Bancshares during the 2nd quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at $30,000. GAMMA Investing LLC lifted its position in shares of ServisFirst Bancshares by 20.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,356 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 229 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of ServisFirst Bancshares by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 125 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in ServisFirst Bancshares in the first quarter valued at $204,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Down 0.7%

SFBS opened at $75.82 on Monday. 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, Inc. has a 52 week low of $66.48 and a 52 week high of $93.90. The business’s 50 day moving average is $72.30 and its two-hundred day moving average is $77.93. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 16.23 and a beta of 0.93.

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

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34. ServisFirst Bancshares’s payout ratio is 32.55%.

Analysts Set New Price Targets

SFBS has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of ServisFirst Bancshares in a research note on Monday, December 29th. Raymond James Financial raised 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 raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 price objective on the stock in a report on Friday, December 19th. Finally, Zacks Research upgraded shares of 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.00.

ServisFirst Bancshares 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.