ServisFirst Bancshares, Inc. (NYSE:SFBS) Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 107,930 shares of the financial services provider’s stock after buying an additional 7,503 shares during the quarter. Public Sector Pension Investment Board’s holdings in ServisFirst Bancshares were worth $6,820,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Quest Partners LLC grew its position in ServisFirst Bancshares by 4,880.0% during the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 976 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of ServisFirst Bancshares during the fourth quarter valued at $102,000. Coldstream Capital Management Inc. acquired a new position in ServisFirst Bancshares during the fourth quarter valued at $210,000. Bayesian Capital Management LP acquired a new position in ServisFirst Bancshares during the first quarter valued at $217,000. Finally, CIBC Asset Management Inc lifted its stake in ServisFirst Bancshares by 8.7% in the 2nd quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Price Performance

SFBS opened at $80.19 on Wednesday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 21.97 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. ServisFirst Bancshares, Inc. has a 1 year low of $45.21 and a 1 year high of $86.46. The stock has a fifty day moving average price of $78.31 and a 200 day moving average price of $68.07.

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

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.50%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SFBS. Piper Sandler upped their target price on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Hovde Group upped 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.