7,465 Shares in ServisFirst Bancshares, Inc. $SFBS Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,465 shares of the financial services provider’s stock, valued at approximately $601,000.

Other large investors have also bought and sold shares of the company. HB Wealth Management LLC bought a new position in shares of ServisFirst Bancshares during the third quarter valued at about $1,541,000. Deprince Race & Zollo Inc. increased its stake in ServisFirst Bancshares by 10.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 514,203 shares of the financial services provider’s stock valued at $41,409,000 after buying an additional 48,993 shares during the last quarter. Vest Financial LLC lifted its position in shares of ServisFirst Bancshares by 127.8% during the 3rd quarter. Vest Financial LLC now owns 33,439 shares of the financial services provider’s stock worth $2,693,000 after buying an additional 18,760 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of ServisFirst Bancshares by 231.6% in the 2nd quarter. First Trust Advisors LP now owns 326,702 shares of the financial services provider’s stock worth $25,323,000 after buying an additional 228,187 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of ServisFirst Bancshares by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 762,392 shares of the financial services provider’s stock valued at $59,093,000 after acquiring an additional 47,926 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Trading Up 1.8%

Shares of SFBS opened at $86.82 on Monday. ServisFirst Bancshares, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $93.43. The business has a 50-day moving average of $79.19 and a 200 day moving average of $78.36. The firm has a market cap of $4.74 billion, a P/E ratio of 17.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $162.21 million during the quarter, compared to analyst estimates of $151.82 million. ServisFirst Bancshares had a net margin of 26.95% and a return on equity of 16.36%. As a group, research analysts forecast 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 was paid on Tuesday, January 13th. Investors of record on Friday, January 2nd were paid a $0.38 dividend. The ex-dividend date was Friday, January 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.34. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 30.04%.

Analysts Set New Price Targets

SFBS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, December 29th. Hovde Group upgraded ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a research note on Friday, December 19th. Piper Sandler upgraded shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target for the company in a research report on Wednesday, January 21st. Raymond James Financial upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $91.00.

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.