ServisFirst Bancshares (NASDAQ:SFBS) Shares Gap Up to $61.30

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $61.30, but opened at $64.69. ServisFirst Bancshares shares last traded at $64.38, with a volume of 43,047 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

ServisFirst Bancshares Stock Up 7.4 %

The company has a 50 day moving average of $62.96 and a 200-day moving average of $59.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $3.59 billion, a P/E ratio of 17.21 and a beta of 0.88.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. ServisFirst Bancshares had a return on equity of 15.48% and a net margin of 24.52%. The company had revenue of $109.07 million during the quarter, compared to analyst estimates of $107.00 million. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 3.51 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a yield of 1.82%. ServisFirst Bancshares’s payout ratio is 31.66%.

Institutional Investors Weigh In On ServisFirst Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in ServisFirst Bancshares in the fourth quarter worth $42,000. Allspring Global Investments Holdings LLC purchased a new position in ServisFirst Bancshares during the third quarter valued at $52,000. Strs Ohio purchased a new position in ServisFirst Bancshares during the 3rd quarter valued at about $67,000. Scarborough Advisors LLC bought a new stake in ServisFirst Bancshares during the fourth quarter worth about $102,000. Finally, Quadrant Capital Group LLC increased its stake in shares of ServisFirst Bancshares by 54.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 830 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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.