Swiss National Bank Has $8.14 Million Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Swiss National Bank reduced its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,168 shares of the financial services provider’s stock after selling 700 shares during the quarter. Swiss National Bank owned 0.19% of ServisFirst Bancshares worth $8,139,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SFBS. Victory Capital Management Inc. boosted its stake in ServisFirst Bancshares by 2,704.5% in the third quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock valued at $33,428,000 after buying an additional 400,694 shares in the last quarter. Vanguard Group Inc. boosted its stake in ServisFirst Bancshares by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock valued at $378,228,000 after buying an additional 221,507 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in ServisFirst Bancshares in the third quarter valued at about $10,507,000. Sanctuary Advisors LLC bought a new position in ServisFirst Bancshares in the second quarter valued at about $7,181,000. Finally, Principal Financial Group Inc. raised its position in ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after purchasing an additional 108,088 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday. Piper Sandler increased their target price on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Hovde Group increased their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $99.11 on Tuesday. ServisFirst Bancshares, Inc. has a 1 year low of $49.72 and a 1 year high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 25.84 and a beta of 0.86. The business has a 50-day moving average of $85.65 and a 200-day moving average of $75.26.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The company had revenue of $256.53 million during the quarter, compared to the consensus estimate of $120.70 million. During the same period last year, the company earned $0.98 earnings per share. As a group, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.21%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.09%.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value 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 approximately $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now owns 8,501 shares of the company’s stock, valued at approximately $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.

ServisFirst Bancshares 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.