ServisFirst Bancshares, Inc. $SFBS Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,068 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Swiss National Bank owned about 0.18% of ServisFirst Bancshares worth $7,679,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SFBS. Ameritas Advisory Services LLC purchased a new position in ServisFirst Bancshares during the second quarter worth about $30,000. Quarry LP grew its holdings in ServisFirst Bancshares by 52.8% in the 1st quarter. Quarry LP now owns 544 shares of the financial services provider’s stock valued at $45,000 after buying an additional 188 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of ServisFirst Bancshares during the 1st quarter valued at about $171,000. Caxton Associates LLP acquired a new position in shares of ServisFirst Bancshares during the 1st quarter valued at about $204,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter worth about $209,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Price Performance

SFBS opened at $71.13 on Friday. ServisFirst Bancshares, Inc. has a 52-week low of $66.48 and a 52-week high of $98.50. The company has a 50 day moving average of $74.63 and a two-hundred day moving average of $78.14. The company has a market cap of $3.89 billion, a P/E ratio of 15.23 and a beta of 0.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Tuesday, August 10th. The financial services provider reported $1.07 EPS for the quarter. The business had revenue of $104.27 million for the quarter. ServisFirst Bancshares had a net margin of 25.24% and a return on equity of 15.67%. On average, analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.34 annualized dividend and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 28.69%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SFBS. Raymond James Financial raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Tuesday, October 7th. Piper Sandler decreased their price target on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Zacks Research cut shares of ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Hovde Group cut their target price on ServisFirst Bancshares from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.67.

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.