ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,486 shares of the financial services provider’s stock after selling 637 shares during the period. Natixis Advisors LLC’s holdings in ServisFirst Bancshares were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SFBS. Principal Financial Group Inc. boosted its position in shares of ServisFirst Bancshares by 4.9% in the 2nd quarter. Principal Financial Group Inc. now owns 929,469 shares of the financial services provider’s stock valued at $58,733,000 after purchasing an additional 43,125 shares during the period. Bank of New York Mellon Corp increased its position in ServisFirst Bancshares by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 472,799 shares of the financial services provider’s stock worth $29,876,000 after buying an additional 7,450 shares during the period. Louisiana State Employees Retirement System lifted its stake in ServisFirst Bancshares by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the financial services provider’s stock valued at $1,561,000 after buying an additional 400 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of ServisFirst Bancshares by 8.0% in the second quarter. Raymond James & Associates now owns 202,133 shares of the financial services provider’s stock valued at $12,773,000 after acquiring an additional 14,908 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of ServisFirst Bancshares by 2.7% in the second quarter. Diversified Trust Co now owns 12,564 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 1.8 %

Shares of SFBS stock opened at $76.33 on Friday. The company has a market capitalization of $4.16 billion, a P/E ratio of 20.91 and a beta of 0.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $75.51 and its two-hundred day moving average is $66.89. ServisFirst Bancshares, Inc. has a twelve month low of $45.21 and a twelve month high of $83.61.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $114.77 million for the quarter, compared to analyst estimates of $114.80 million. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.82 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, July 1st. ServisFirst Bancshares’s payout ratio is 32.88%.

Analyst Upgrades and Downgrades

SFBS has been the topic of a number of recent research reports. Piper Sandler lifted their target price on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Hovde Group lifted their price objective on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a research note 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.