State of New Jersey Common Pension Fund D Raises Stake in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

State of New Jersey Common Pension Fund D grew its stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,252 shares of the financial services provider’s stock after purchasing an additional 4,438 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of ServisFirst Bancshares worth $3,282,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SFBS. GAMMA Investing LLC purchased a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at $42,000. Allspring Global Investments Holdings LLC purchased a new stake in ServisFirst Bancshares in the third quarter worth about $52,000. Strs Ohio purchased a new stake in ServisFirst Bancshares in the third quarter worth about $67,000. Xponance Inc. purchased a new stake in ServisFirst Bancshares in the fourth quarter worth about $205,000. Finally, Mackenzie Financial Corp purchased a new stake in ServisFirst Bancshares in the fourth quarter worth about $207,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com raised shares of ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd. Piper Sandler upped their price objective on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $60.77 on Friday. The company has a market capitalization of $3.31 billion, a PE ratio of 16.65 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50-day simple moving average of $62.79 and a two-hundred day simple moving average of $59.58. ServisFirst Bancshares, Inc. has a one year low of $39.27 and a one year high of $70.84.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $109.07 million during the quarter, compared to the consensus estimate of $107.00 million. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. Research analysts expect that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. ServisFirst Bancshares’s dividend payout ratio is presently 32.88%.

ServisFirst Bancshares Company 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.