Profund Advisors LLC Acquires 384 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Profund Advisors LLC lifted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,047 shares of the financial services provider’s stock after acquiring an additional 384 shares during the quarter. Profund Advisors LLC’s holdings in ServisFirst Bancshares were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in ServisFirst Bancshares by 4,880.0% in the second 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 bought a new position in ServisFirst Bancshares in the fourth quarter worth $102,000. CIBC Asset Management Inc raised its holdings in ServisFirst Bancshares by 8.7% in the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 267 shares in the last quarter. Bayesian Capital Management LP bought a new position in ServisFirst Bancshares in the first quarter worth $217,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in ServisFirst Bancshares by 24.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,808 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 744 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 0.2 %

NYSE SFBS opened at $79.09 on Friday. ServisFirst Bancshares, Inc. has a 12 month low of $45.21 and a 12 month high of $86.46. The stock has a market cap of $4.31 billion, a P/E ratio of 21.67 and a beta of 0.87. The stock’s fifty day moving average price is $78.37 and its 200-day moving average price is $68.31. 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 (NYSE:SFBS) last released its earnings results on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. The firm had revenue of $114.77 million for the quarter, compared to analysts’ expectations of $114.80 million. As a group, equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.82 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

Insider Activity at ServisFirst Bancshares

In related news, COO Rodney Eldon Rushing sold 12,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at $24,805,505.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SFBS has been the subject of a number of research reports. Piper Sandler increased their price objective on 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 target price on ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th.

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.