ProShare Advisors LLC increased its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS – Free Report) by 3,136.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,567 shares of the financial services provider’s stock after acquiring an additional 234,104 shares during the period. ProShare Advisors LLC’s holdings in ServisFirst Bancshares were worth $9,658,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ServisFirst Bancshares during the second quarter worth $31,000. Ameritas Advisory Services LLC acquired a new stake in ServisFirst Bancshares in the 2nd quarter worth approximately $32,000. Public Employees Retirement System of Ohio bought a new stake in shares of ServisFirst Bancshares during the 2nd quarter worth $34,000. Root Financial Partners LLC bought a new stake in ServisFirst Bancshares during the third quarter valued at about $35,000. Finally, Farther Finance Advisors LLC grew its holdings in ServisFirst Bancshares by 91.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 939 shares of the financial services provider’s stock valued at $38,000 after buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on SFBS shares. Raymond James Financial lowered shares of ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $50.00 to $45.00 in a research report on Tuesday, October 6th. Piper Sandler dropped their price objective on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Zacks Research cut shares of ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Weiss Ratings upgraded ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.
Get Our Latest Stock Report on ServisFirst Bancshares
ServisFirst Bancshares Stock Down 1.0%
Shares of NYSE SFBS opened at $40.99 on Wednesday. ServisFirst Bancshares, Inc. has a 52-week low of $33.60 and a 52-week high of $46.04. The stock has a market cap of $4.48 billion, a P/E ratio of 13.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $40.90 and a 200 day moving average price of $40.82.
ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). ServisFirst Bancshares had a return on equity of 17.66% and a net margin of 32.53%. The business had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.13 million. Analysts expect that ServisFirst Bancshares, Inc. will post 3.18 EPS for the current year.
ServisFirst Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.19 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 24.28%.
ServisFirst Bancshares Profile
ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides commercial and consumer banking services to businesses, professionals and individuals.
The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.
Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.
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