Maryland State Retirement & Pension System Sells 235 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Maryland State Retirement & Pension System decreased its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,806 shares of the financial services provider’s stock after selling 235 shares during the period. Maryland State Retirement & Pension System’s holdings in ServisFirst Bancshares were worth $1,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SFBS. GAMMA Investing LLC bought a new stake in shares of ServisFirst Bancshares in the fourth quarter worth about $42,000. Allspring Global Investments Holdings LLC bought a new stake in ServisFirst Bancshares in the 3rd quarter worth approximately $52,000. Strs Ohio purchased a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth approximately $67,000. Xponance Inc. bought a new position in shares of ServisFirst Bancshares during the 4th quarter valued at approximately $205,000. Finally, Mackenzie Financial Corp purchased a new position in shares of ServisFirst Bancshares in the fourth quarter valued at $207,000. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SFBS. StockNews.com upgraded shares of ServisFirst Bancshares to a “sell” rating in a research report on Tuesday, January 23rd. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th.

ServisFirst Bancshares Stock Performance

NASDAQ:SFBS opened at $63.34 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day moving average is $62.58 and its 200 day moving average is $60.24. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.35 and a beta of 0.91. ServisFirst Bancshares, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $70.84.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s payout ratio is currently 32.88%.

ServisFirst Bancshares Company Profile

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.