Westwood Holdings Group Inc. Trims Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Westwood Holdings Group Inc. trimmed its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 36.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,059 shares of the financial services provider’s stock after selling 1,788 shares during the period. Westwood Holdings Group Inc.’s holdings in ServisFirst Bancshares were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SFBS. Norges Bank purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at about $36,103,000. Champlain Investment Partners LLC raised its holdings in shares of ServisFirst Bancshares by 34.0% in the first quarter. Champlain Investment Partners LLC now owns 1,438,872 shares of the financial services provider’s stock valued at $95,484,000 after buying an additional 364,720 shares during the last quarter. Norden Group LLC raised its holdings in shares of ServisFirst Bancshares by 2,663.4% in the first quarter. Norden Group LLC now owns 266,665 shares of the financial services provider’s stock valued at $17,696,000 after buying an additional 257,015 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ServisFirst Bancshares by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock valued at $378,228,000 after buying an additional 221,507 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of ServisFirst Bancshares by 213.9% in the first quarter. Mutual of America Capital Management LLC now owns 110,164 shares of the financial services provider’s stock valued at $7,310,000 after buying an additional 75,069 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

NYSE SFBS traded down $1.64 during trading hours on Friday, hitting $75.58. 326,432 shares of the stock were exchanged, compared to its average volume of 325,887. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 20.71 and a beta of 0.89. ServisFirst Bancshares, Inc. has a 12-month low of $45.21 and a 12-month high of $82.50. The stock has a 50-day moving average of $66.24 and a 200 day moving average of $64.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Hovde Group increased their price target on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th.

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.