Stonegate Investment Group LLC Boosts Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Stonegate Investment Group LLC raised its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 13.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 947,367 shares of the financial services provider’s stock after acquiring an additional 112,521 shares during the quarter. ServisFirst Bancshares comprises about 2.1% of Stonegate Investment Group LLC’s portfolio, making the stock its 13th biggest holding. Stonegate Investment Group LLC’s holdings in ServisFirst Bancshares were worth $80,280,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $1,984,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of ServisFirst Bancshares by 24.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,808 shares of the financial services provider’s stock valued at $241,000 after buying an additional 744 shares during the period. Bank of Montreal Can lifted its position in shares of ServisFirst Bancshares by 18.3% during the second quarter. Bank of Montreal Can now owns 24,499 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 3,791 shares in the last quarter. Marshall Wace LLP acquired a new stake in ServisFirst Bancshares during the 2nd quarter worth approximately $2,700,000. Finally, Cubist Systematic Strategies LLC purchased a new position in ServisFirst Bancshares in the 2nd quarter valued at approximately $807,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SFBS has been the topic of a number of recent research reports. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Hovde Group increased their price target 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. Finally, Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $89.61 on Tuesday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.96 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $89.85 and its 200-day simple moving average is $84.19. ServisFirst Bancshares, Inc. has a twelve month low of $58.05 and a twelve month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a $0.335 dividend. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 annualized dividend and a dividend yield of 1.50%. ServisFirst Bancshares’s dividend payout ratio is presently 35.83%.

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.