ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 150.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,688 shares of the financial services provider’s stock after purchasing an additional 60,517 shares during the period. Barclays PLC owned approximately 0.18% of ServisFirst Bancshares worth $8,101,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in ServisFirst Bancshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after buying an additional 36,302 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of ServisFirst Bancshares by 42.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider’s stock worth $9,898,000 after purchasing an additional 46,469 shares during the period. Savant Capital LLC increased its holdings in ServisFirst Bancshares by 286.8% in the 2nd quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock valued at $4,048,000 after purchasing an additional 47,502 shares during the last quarter. Intech Investment Management LLC purchased a new stake in ServisFirst Bancshares in the second quarter valued at approximately $408,000. Finally, HHM Wealth Advisors LLC acquired a new position in ServisFirst Bancshares during the second quarter worth $4,453,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 2.3 %

Shares of NYSE SFBS opened at $92.25 on Wednesday. The stock has a market cap of $5.03 billion, a P/E ratio of 24.67 and a beta of 0.88. The business’s fifty day simple moving average is $90.43 and its 200-day simple moving average is $78.80. ServisFirst Bancshares, Inc. has a 12-month low of $58.05 and a 12-month high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The company had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. During the same quarter last year, the company earned $0.98 EPS. As a group, equities analysts predict that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is 32.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SFBS shares. Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, November 24th.

Insider Buying and Selling at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now owns 8,501 shares in the company, valued at approximately $724,285.20. This represents a 10.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.40% of the company’s stock.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.