Hsbc Holdings PLC Buys Shares of 10,000 ServisFirst Bancshares, Inc. $SFBS

Hsbc Holdings PLC purchased a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,000 shares of the financial services provider’s stock, valued at approximately $718,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ServisFirst Bancshares by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 125 shares during the last quarter. CWM LLC boosted its holdings in ServisFirst Bancshares by 17.3% in the fourth quarter. CWM LLC now owns 955 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 141 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in ServisFirst Bancshares by 4.9% in the fourth quarter. Mackenzie Financial Corp now owns 3,234 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 152 shares during the last quarter. Maryland State Retirement & Pension System grew its position in ServisFirst Bancshares by 2.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,394 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 170 shares during the period. Finally, Lido Advisors LLC grew its position in ServisFirst Bancshares by 3.9% in the 4th quarter. Lido Advisors LLC now owns 4,769 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Up 0.8%

Shares of SFBS stock opened at $86.11 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares, Inc. has a 12 month low of $67.20 and a 12 month high of $90.64. The stock has a market cap of $4.71 billion, a P/E ratio of 15.89 and a beta of 0.86. The company has a 50 day simple moving average of $80.98 and a two-hundred day simple moving average of $79.36.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. The firm had revenue of $158.99 million during the quarter, compared to the consensus estimate of $162.07 million. On average, research analysts expect that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, July 1st were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.52 annualized dividend and a yield of 1.8%. ServisFirst Bancshares’s payout ratio is 28.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFBS. Piper Sandler increased their price target on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, Zacks Research downgraded ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $94.33.

ServisFirst Bancshares Company Profile

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.