ServisFirst Bancshares, Inc. (NYSE:SFBS) Stake Lessened by Wasatch Advisors LP

Wasatch Advisors LP trimmed its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 12.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 729,508 shares of the financial services provider’s stock after selling 107,681 shares during the period. Wasatch Advisors LP owned about 1.34% of ServisFirst Bancshares worth $48,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SFBS. Vanguard Group Inc. raised its stake in shares of ServisFirst Bancshares by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,478,138 shares of the financial services provider’s stock valued at $365,008,000 after acquiring an additional 47,885 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ServisFirst Bancshares by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,136,579 shares of the financial services provider’s stock worth $75,736,000 after acquiring an additional 47,457 shares during the period. Northern Trust Corp grew its holdings in ServisFirst Bancshares by 0.3% during the 3rd quarter. Northern Trust Corp now owns 607,774 shares of the financial services provider’s stock worth $31,708,000 after acquiring an additional 1,788 shares during the period. Norges Bank acquired a new stake in ServisFirst Bancshares during the 4th quarter worth $36,103,000. Finally, Bragg Financial Advisors Inc grew its holdings in ServisFirst Bancshares by 0.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 408,341 shares of the financial services provider’s stock worth $27,208,000 after acquiring an additional 1,387 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Price Performance

SFBS opened at $62.87 on Wednesday. ServisFirst Bancshares, Inc. has a 52 week low of $39.27 and a 52 week high of $70.84. The firm has a market capitalization of $3.43 billion, a PE ratio of 17.22 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average price of $61.80 and a two-hundred day moving average price of $63.06.

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

ServisFirst Bancshares Announces Dividend

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