ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,564 shares of the financial services provider’s stock after purchasing an additional 330 shares during the quarter. Diversified Trust Co’s holdings in ServisFirst Bancshares were worth $794,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $36,103,000. Vanguard Group Inc. lifted its position in ServisFirst Bancshares by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,478,138 shares of the financial services provider’s stock worth $365,008,000 after acquiring an additional 47,885 shares in the last quarter. BNP Paribas Financial Markets grew its position in ServisFirst Bancshares by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 26,492 shares of the financial services provider’s stock valued at $1,758,000 after acquiring an additional 6,964 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of ServisFirst Bancshares by 58.2% during the fourth quarter. Rafferty Asset Management LLC now owns 48,470 shares of the financial services provider’s stock valued at $3,230,000 after purchasing an additional 17,834 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of ServisFirst Bancshares during the first quarter worth $2,125,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler raised their price target 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 boosted their price target 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 Stock Down 0.8 %

Shares of NYSE:SFBS traded down $0.59 during midday trading on Wednesday, reaching $72.87. The company had a trading volume of 1,344 shares, compared to its average volume of 200,056. The stock has a market capitalization of $3.97 billion, a P/E ratio of 20.13 and a beta of 0.89. The stock’s fifty day moving average price is $67.72 and its 200-day moving average price is $64.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ServisFirst Bancshares, Inc. has a one year low of $45.21 and a one year high of $82.50.

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

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, July 1st. ServisFirst Bancshares’s dividend payout ratio is presently 32.88%.

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.