CANADA LIFE ASSURANCE Co Purchases 2,028 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

CANADA LIFE ASSURANCE Co grew its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,328 shares of the financial services provider’s stock after purchasing an additional 2,028 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in ServisFirst Bancshares were worth $4,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFBS. GAMMA Investing LLC increased its position in ServisFirst Bancshares by 411.5% in the fourth quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 3,790 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 747 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ServisFirst Bancshares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider’s stock worth $44,155,000 after buying an additional 29,247 shares during the period. Bank of New York Mellon Corp raised its stake in shares of ServisFirst Bancshares by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider’s stock worth $39,354,000 after buying an additional 36,711 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in ServisFirst Bancshares in the fourth quarter valued at approximately $1,858,000. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 0.9 %

SFBS opened at $71.59 on Friday. The firm’s fifty day moving average is $79.79 and its two-hundred day moving average is $85.93. The firm has a market cap of $3.91 billion, a PE ratio of 17.21 and a beta of 0.89. ServisFirst Bancshares, Inc. has a twelve month low of $58.43 and a twelve month high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same period in the previous year, the business posted $0.94 EPS. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.87%. ServisFirst Bancshares’s payout ratio is 30.45%.

Analyst Upgrades and Downgrades

SFBS has been the subject of a number of analyst reports. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Piper Sandler decreased their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday.

Insiders Place Their Bets

In related news, Director Christopher J. Mettler sold 18,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now directly owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.70% of the company’s stock.

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.