Atria Investments Inc Sells 4,385 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Atria Investments Inc trimmed its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 29.4% during the third quarter, HoldingsChannel.com reports. The firm owned 10,525 shares of the financial services provider’s stock after selling 4,385 shares during the quarter. Atria Investments Inc’s holdings in ServisFirst Bancshares were worth $847,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SFBS. Quest Partners LLC lifted its holdings in shares of ServisFirst Bancshares by 4,880.0% in the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after buying an additional 976 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ServisFirst Bancshares by 138.6% in the 3rd quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 535 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter valued at $84,000. CIBC Asset Management Inc increased its holdings in shares of ServisFirst Bancshares by 8.7% in the second quarter. CIBC Asset Management Inc now owns 3,328 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 267 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of ServisFirst Bancshares in the first quarter worth $217,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

SFBS has been the subject of several recent analyst reports. 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. Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Monday.

Insider Activity

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares in the company, valued at $724,285.20. This represents a 10.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the transaction, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.

ServisFirst Bancshares Stock Down 1.0 %

SFBS opened at $93.62 on Tuesday. The business’s fifty day simple moving average is $83.91 and its 200 day simple moving average is $74.16. ServisFirst Bancshares, Inc. has a 52 week low of $49.72 and a 52 week high of $100.14. 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 stock has a market cap of $5.11 billion, a PE ratio of 25.37 and a beta of 0.86.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.97 by $0.13. The firm had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period in the prior year, the company earned $0.98 EPS. As a group, research analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.09%.

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.