Sagespring Wealth Partners LLC Takes Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sagespring Wealth Partners LLC purchased a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,291 shares of the financial services provider’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in shares of ServisFirst Bancshares by 761.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,051 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ServisFirst Bancshares in the 4th quarter valued at approximately $19,639,000. Invesco Ltd. grew its stake in shares of ServisFirst Bancshares by 11.5% in the 4th quarter. Invesco Ltd. now owns 139,067 shares of the financial services provider’s stock valued at $11,785,000 after purchasing an additional 14,382 shares during the period. Bank of Montreal Can lifted its position in shares of ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider’s stock worth $1,749,000 after buying an additional 138 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $5,859,000. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 0.5 %

SFBS stock opened at $69.32 on Wednesday. The business has a fifty day moving average price of $82.56 and a 200 day moving average price of $86.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.11 and a fifty-two week high of $101.37. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.66 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 period last year, the firm earned $0.91 earnings per share. Analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio is currently 32.21%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SFBS. Piper Sandler lifted their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now directly 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 can be accessed through the SEC website. 7.40% of the stock is currently owned by corporate insiders.

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.