BCR Wealth Strategies LLC Acquires New Position in ServisFirst Bancshares, Inc. $SFBS

BCR Wealth Strategies LLC purchased a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,500 shares of the financial services provider’s stock, valued at approximately $610,000. ServisFirst Bancshares comprises about 0.2% of BCR Wealth Strategies LLC’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in ServisFirst Bancshares by 6.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock valued at $162,000 after buying an additional 125 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 143 shares in the last quarter. Amalgamated Bank raised its stake in ServisFirst Bancshares by 1.2% during the third quarter. Amalgamated Bank now owns 14,510 shares of the financial services provider’s stock worth $1,168,000 after purchasing an additional 179 shares during the period. Orion Porfolio Solutions LLC raised its stake in ServisFirst Bancshares by 3.9% during the second quarter. Orion Porfolio Solutions LLC now owns 4,926 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 187 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in ServisFirst Bancshares by 214.1% during the third quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $78.74 on Tuesday. The company’s 50 day simple moving average is $78.94 and its 200-day simple moving average is $76.31. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 15.56 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 1 year low of $66.48 and a 1 year high of $90.64. 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 released its quarterly earnings results 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. The business had revenue of $162.21 million for the quarter, compared to the consensus estimate of $151.82 million. ServisFirst Bancshares had a net margin of 26.95% and a return on equity of 16.36%. As a group, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Wednesday, April 1st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, April 1st. ServisFirst Bancshares’s payout ratio is 30.04%.

Analyst Ratings Changes

A number of equities analysts have commented on SFBS shares. Zacks Research downgraded shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Hovde Group lifted their target price on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Raymond James Financial upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research report on Wednesday, January 21st. Finally, Piper Sandler upgraded ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 target price on the stock in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.67.

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.