State of Alaska Department of Revenue Has $2.41 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

State of Alaska Department of Revenue lowered its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,459 shares of the financial services provider’s stock after selling 170 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of ServisFirst Bancshares worth $2,411,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Orion Portfolio Solutions LLC grew its stake in ServisFirst Bancshares by 2.4% during the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 128 shares during the period. Precision Wealth Strategies LLC grew its stake in ServisFirst Bancshares by 1.8% in the fourth quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 133 shares during the period. Cetera Investment Advisers grew its stake in ServisFirst Bancshares by 0.6% in the second quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock valued at $2,036,000 after acquiring an additional 196 shares during the period. Creative Planning grew its stake in ServisFirst Bancshares by 6.5% in the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 205 shares during the period. Finally, Raymond James Trust N.A. grew its stake in ServisFirst Bancshares by 5.7% in the third quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 263 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.0 %

SFBS stock opened at $90.80 on Tuesday. The stock’s 50 day moving average is $89.03 and its 200-day moving average is $85.11. The firm has a market capitalization of $4.95 billion, a PE ratio of 21.83 and a beta of 0.91. ServisFirst Bancshares, Inc. has a twelve month low of $58.10 and a twelve month high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter last year, the company earned $0.91 EPS. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a $0.335 dividend. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler raised their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Hovde Group raised their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd.

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.