4,200 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Acquired by Crestline Management LP

Crestline Management LP purchased a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,200 shares of the financial services provider’s stock, valued at approximately $356,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider’s stock valued at $484,249,000 after acquiring an additional 25,956 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of ServisFirst Bancshares by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider’s stock valued at $89,277,000 after buying an additional 15,916 shares in the last quarter. Stonegate Investment Group LLC lifted its position in ServisFirst Bancshares by 13.5% in the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock worth $80,280,000 after buying an additional 112,521 shares during the last quarter. Victory Capital Management Inc. grew its position in ServisFirst Bancshares by 106.4% during the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider’s stock valued at $72,684,000 after acquiring an additional 442,225 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of ServisFirst Bancshares by 6.6% during the fourth quarter. Northern Trust Corp now owns 632,066 shares of the financial services provider’s stock worth $53,561,000 after acquiring an additional 38,916 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price objective on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $74.62 on Friday. The company has a market capitalization of $4.07 billion, a P/E ratio of 17.94 and a beta of 0.83. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.51 and a fifty-two week 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. The stock has a 50 day moving average price of $76.20 and a two-hundred day moving average price of $85.18.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the previous year, the company earned $0.94 EPS. Analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.80%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 30.45%.

About ServisFirst Bancshares

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.