ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 21.1% in the third quarter, Holdings Channel reports. The firm owned 16,081 shares of the financial services provider’s stock after buying an additional 2,804 shares during the quarter. BNP Paribas Financial Markets’ holdings in ServisFirst Bancshares were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its position 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 acquiring an additional 535 shares during the period. Quest Partners LLC grew its stake in shares of ServisFirst Bancshares by 4,880.0% in the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 976 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ServisFirst Bancshares in the second quarter valued at approximately $84,000. LMR Partners LLP purchased a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $203,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth $220,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Trading Down 0.7 %

NYSE:SFBS opened at $94.46 on Tuesday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 25.26 and a beta of 0.88. ServisFirst Bancshares, Inc. has a 1 year low of $55.83 and a 1 year high of $101.37. The stock has a fifty day moving average price of $88.84 and a two-hundred day moving average price of $77.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

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 during the quarter, compared to analysts’ expectations of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same quarter last year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is currently 32.09%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com cut shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, November 24th. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Activity at ServisFirst Bancshares

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

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.