8,713 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,713 shares of the financial services provider’s stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFBS. GAMMA Investing LLC boosted its stake in shares of ServisFirst Bancshares by 411.5% in the 4th quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 3,790 shares in the last quarter. Principal Financial Group Inc. boosted its position in ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after buying an additional 108,088 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of ServisFirst Bancshares by 17.8% during the third quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider’s stock worth $1,150,000 after buying an additional 2,080 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in shares of ServisFirst Bancshares during the third quarter worth $234,000. Finally, Geode Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after acquiring an additional 23,555 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Insider Activity

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the transaction, the senior vice president now directly owns 8,501 shares of the company’s stock, valued at $724,285.20. The trade was a 10.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Stock Down 0.8 %

Shares of NYSE:SFBS opened at $87.26 on Friday. The firm has a market cap of $4.76 billion, a P/E ratio of 23.33 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 12-month low of $58.05 and a 12-month high of $101.37. The business has a fifty day simple moving average of $90.81 and a 200 day simple moving average of $82.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The company had revenue of $256.53 million during the quarter, compared to the consensus estimate of $120.70 million. During the same period last year, the company earned $0.98 earnings per share. Analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were given a $0.335 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is 35.83%.

Analysts Set New Price Targets

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

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.