State of Alaska Department of Revenue Trims Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

State of Alaska Department of Revenue cut its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,459 shares of the financial services provider’s stock after selling 170 shares during the quarter. State of Alaska Department of Revenue’s holdings in ServisFirst Bancshares were worth $2,411,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in ServisFirst Bancshares during the second quarter worth about $253,000. Cetera Investment Advisers grew its position in ServisFirst Bancshares by 0.6% during the second quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock worth $2,036,000 after buying an additional 196 shares in the last quarter. GAMMA Investing LLC grew its position in ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after buying an additional 535 shares in the last quarter. Mechanics Bank Trust Department purchased a new position in ServisFirst Bancshares during the third quarter worth about $225,000. Finally, Creative Planning grew its position in ServisFirst Bancshares by 6.5% during the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock worth $272,000 after buying an additional 205 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Trading Down 0.0 %

Shares of SFBS stock opened at $90.80 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $89.03 and a two-hundred day moving average price of $85.11. ServisFirst Bancshares, Inc. has a 12-month low of $58.10 and a 12-month high of $101.37. The firm has a market cap of $4.95 billion, a P/E ratio of 21.83 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period last year, the firm posted $0.91 earnings per share. Equities analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is 32.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SFBS shares. Hovde Group boosted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Piper Sandler lifted their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th.

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.