JPMorgan Chase & Co. Has $77.48 Million Holdings in ServisFirst Bancshares, Inc. $SFBS

JPMorgan Chase & Co. lifted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 26.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962,164 shares of the financial services provider’s stock after buying an additional 199,772 shares during the quarter. JPMorgan Chase & Co. owned about 1.76% of ServisFirst Bancshares worth $77,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SFBS. Hantz Financial Services Inc. lifted its holdings in ServisFirst Bancshares by 214.1% in the third quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock valued at $25,000 after buying an additional 212 shares during the period. State of Wyoming bought a new stake in shares of ServisFirst Bancshares during the 2nd quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in shares of ServisFirst Bancshares by 21.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 223 shares during the period. GAMMA Investing LLC boosted its position in shares of ServisFirst Bancshares by 20.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,356 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 229 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of ServisFirst Bancshares by 106.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 868 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Stock Down 4.0%

ServisFirst Bancshares stock opened at $83.26 on Tuesday. The company has a 50 day moving average of $79.38 and a 200-day moving average of $78.41. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares, Inc. has a twelve month low of $66.48 and a twelve month high of $93.43. The stock has a market capitalization of $4.55 billion, a PE ratio of 16.45 and a beta of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. The business had revenue of $162.21 million for the quarter, compared to analysts’ expectations of $151.82 million. ServisFirst Bancshares had a net margin of 26.95% and a return on equity of 16.36%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd were given a dividend of $0.38 per share. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 2nd. ServisFirst Bancshares’s payout ratio is currently 30.04%.

Analysts Set New Price Targets

A number of research firms recently commented on SFBS. Zacks Research upgraded ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Piper Sandler upgraded shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a research report on Wednesday, January 21st. Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a research note on Wednesday, January 21st. Hovde Group raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $91.00.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.