Dynamic Technology Lab Private Ltd Purchases New Position in ServisFirst Bancshares, Inc. $SFBS

Dynamic Technology Lab Private Ltd purchased a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,179 shares of the financial services provider’s stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ServisFirst Bancshares by 6.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 125 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of ServisFirst Bancshares by 2.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,271 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 138 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of ServisFirst Bancshares by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 28,507 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 142 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of ServisFirst Bancshares by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,186 shares of the financial services provider’s stock valued at $2,753,000 after purchasing an additional 143 shares during the period. Finally, Amalgamated Bank boosted its position in shares of ServisFirst Bancshares by 1.2% during the third quarter. Amalgamated Bank now owns 14,510 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 179 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SFBS. Piper Sandler raised ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a research note on Wednesday, January 21st. Raymond James Financial raised ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $93.67.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock opened at $75.48 on Monday. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $90.64. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.12 billion, a P/E ratio of 14.92 and a beta of 0.91. The stock’s 50 day moving average is $80.77 and its 200 day moving average is $78.42.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%.The business had revenue of $162.21 million during the quarter, compared to analysts’ expectations of $151.82 million. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.38 per share. The ex-dividend date was Friday, January 2nd. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of 2.0%. ServisFirst Bancshares’s dividend payout ratio is 30.04%.

About ServisFirst Bancshares

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.