Cottonwood Capital Advisors LLC Increases Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Cottonwood Capital Advisors LLC lifted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,141 shares of the financial services provider’s stock after buying an additional 378 shares during the period. Cottonwood Capital Advisors LLC’s holdings in ServisFirst Bancshares were worth $266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in ServisFirst Bancshares by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock worth $93,126,000 after acquiring an additional 23,555 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ServisFirst Bancshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after purchasing an additional 36,302 shares during the period. Intech Investment Management LLC purchased a new position in ServisFirst Bancshares in the 2nd quarter valued at $408,000. Verition Fund Management LLC acquired a new position in ServisFirst Bancshares in the 3rd quarter valued at $208,000. Finally, GAMMA Investing LLC raised its position in ServisFirst Bancshares by 411.5% during the 4th quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider’s stock worth $399,000 after buying an additional 3,790 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Hovde Group increased their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

ServisFirst Bancshares Trading Up 1.0 %

Shares of SFBS opened at $88.32 on Friday. ServisFirst Bancshares, Inc. has a twelve month low of $58.05 and a twelve month high of $101.37. 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 has a market capitalization of $4.82 billion, a P/E ratio of 23.61 and a beta of 0.91. The firm’s 50-day moving average is $89.93 and its two-hundred day moving average is $83.73.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were paid a $0.335 dividend. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 35.83%.

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.