ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 150.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,688 shares of the financial services provider’s stock after acquiring an additional 60,517 shares during the period. Barclays PLC’s holdings in ServisFirst Bancshares were worth $8,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in shares of ServisFirst Bancshares by 2.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 128 shares during the period. Jane Street Group LLC boosted its holdings in shares of ServisFirst Bancshares by 48.8% in the third quarter. Jane Street Group LLC now owns 76,113 shares of the financial services provider’s stock valued at $6,123,000 after acquiring an additional 24,954 shares during the period. State Street Corp boosted its holdings in shares of ServisFirst Bancshares by 2.6% in the third quarter. State Street Corp now owns 2,377,138 shares of the financial services provider’s stock valued at $191,241,000 after acquiring an additional 60,683 shares during the period. Quadrature Capital Ltd purchased a new position in shares of ServisFirst Bancshares during the third quarter worth approximately $337,000. Finally, Point72 DIFC Ltd purchased a new stake in ServisFirst Bancshares in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, November 24th. Finally, Hovde Group upped their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd.

Insider Transactions at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction 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. This represents a 10.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Stock Performance

NYSE:SFBS opened at $92.25 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 24.67 and a beta of 0.88. The firm’s fifty day moving average price is $90.43 and its 200 day moving average price is $78.80. ServisFirst Bancshares, Inc. has a 1-year low of $58.05 and a 1-year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. The business had revenue of $256.53 million for the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, sell-side analysts expect that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.335 per share. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 2nd. This represents a $1.34 annualized dividend and a yield of 1.45%. ServisFirst Bancshares’s payout ratio is presently 32.09%.

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.