ServisFirst Bancshares, Inc. $SFBS Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 93.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 26,013 shares of the financial services provider’s stock after buying an additional 12,574 shares during the period. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in ServisFirst Bancshares during the second quarter valued at $670,908,000. Davis Asset Management L.P. bought a new position in shares of ServisFirst Bancshares in the 2nd quarter worth about $78,975,000. Copeland Capital Management LLC bought a new position in shares of ServisFirst Bancshares in the 1st quarter worth about $54,879,000. Arete Wealth Advisors LLC acquired a new position in shares of ServisFirst Bancshares in the 1st quarter valued at about $33,348,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of ServisFirst Bancshares in the 2nd quarter valued at about $35,791,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

SFBS has been the topic of several research analyst reports. Wall Street Zen lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Raymond James Financial downgraded ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $50.00 to $45.00 in a report on Tuesday, October 6th. Piper Sandler dropped their price target on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings upgraded ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Zacks Research cut ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

ServisFirst Bancshares Trading Down 0.7%

NYSE:SFBS opened at $40.22 on Friday. ServisFirst Bancshares, Inc. has a 12 month low of $33.60 and a 12 month high of $46.04. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.83 and a beta of 0.91. The firm has a fifty day simple moving average of $40.99 and a two-hundred day simple moving average of $40.79.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.13 million. ServisFirst Bancshares had a net margin of 32.53% and a return on equity of 17.66%. Analysts expect that ServisFirst Bancshares, Inc. will post 3.18 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 1st. ServisFirst Bancshares’s payout ratio is presently 24.28%.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides commercial and consumer banking services to businesses, professionals and individuals.

The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.

Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.