ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 50.0% in the fourth quarter, Holdings Channel reports. The fund owned 5,330 shares of the financial services provider’s stock after selling 5,340 shares during the quarter. Everence Capital Management Inc.’s holdings in ServisFirst Bancshares were worth $452,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SFBS. Point72 DIFC Ltd purchased a new position in shares of ServisFirst Bancshares in the third quarter valued at $32,000. GAMMA Investing LLC boosted 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 buying an additional 535 shares during the last quarter. Quest Partners LLC grew its stake in shares of ServisFirst Bancshares by 4,880.0% during the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 976 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ServisFirst Bancshares during the second quarter worth about $84,000. Finally, LMR Partners LLP purchased a new stake in shares of ServisFirst Bancshares during the third quarter worth about $203,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

SFBS has been the subject of a number of recent analyst reports. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday. Hovde Group raised 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 report on Tuesday, October 22nd. Finally, Piper Sandler upped their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a 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 that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the transaction, the senior vice president now directly owns 8,501 shares in the company, valued at $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 available at this link. Insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Trading Up 0.9 %

Shares of NYSE SFBS opened at $84.32 on Monday. 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’s 50 day moving average price is $91.26 and its two-hundred day moving average price is $81.22. ServisFirst Bancshares, Inc. has a 52-week low of $58.05 and a 52-week high of $101.37. The stock has a market capitalization of $4.60 billion, a P/E ratio of 22.55 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. The firm had revenue of $256.53 million for the quarter, compared to analysts’ expectations of $120.70 million. During the same period last year, the business posted $0.98 earnings per share. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd will be issued a $0.335 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.59%. ServisFirst Bancshares’s payout ratio is 35.83%.

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.