Diversified Trust Co Raises Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Diversified Trust Co boosted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 52.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,234 shares of the financial services provider’s stock after buying an additional 4,187 shares during the quarter. Diversified Trust Co’s holdings in ServisFirst Bancshares were worth $812,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $42,000. Scarborough Advisors LLC purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $102,000. Strs Ohio increased its position in shares of ServisFirst Bancshares by 38.5% during the 4th quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 500 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of ServisFirst Bancshares by 54.1% during the 4th 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 during the last quarter. Finally, Xponance Inc. purchased a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $205,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 0.5 %

Shares of NYSE:SFBS opened at $62.87 on Wednesday. The stock has a 50 day moving average of $61.80 and a 200 day moving average of $63.06. The company has a market cap of $3.43 billion, a PE ratio of 17.22 and a beta of 0.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares, Inc. has a 12-month low of $39.27 and a 12-month high of $70.84.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $111.31 million during the quarter, compared to the consensus estimate of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. As a group, equities research analysts expect that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, July 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

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.