Swiss National Bank Has $8.14 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Swiss National Bank lessened its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 101,168 shares of the financial services provider’s stock after selling 700 shares during the quarter. Swiss National Bank’s holdings in ServisFirst Bancshares were worth $8,139,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in ServisFirst Bancshares by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock valued at $378,228,000 after acquiring an additional 221,507 shares during the period. Dimensional Fund Advisors LP grew its stake in ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock valued at $77,775,000 after acquiring an additional 36,302 shares during the period. Principal Financial Group Inc. grew its stake in ServisFirst Bancshares by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after acquiring an additional 108,088 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ServisFirst Bancshares by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 472,799 shares of the financial services provider’s stock valued at $29,876,000 after buying an additional 7,450 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of ServisFirst Bancshares by 2,704.5% during the third quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock valued at $33,428,000 after buying an additional 400,694 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $99.11 on Tuesday. The business’s fifty day simple moving average is $85.65 and its 200 day simple moving average is $75.26. The firm has a market capitalization of $5.41 billion, a P/E ratio of 25.84 and a beta of 0.86. ServisFirst Bancshares, Inc. has a 12 month low of $49.72 and a 12 month high of $101.37. The company has a current ratio of 0.95, a quick 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, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. The business 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 last year, the company posted $0.98 earnings per share. As a group, analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. ServisFirst Bancshares’s payout ratio is presently 32.09%.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SFBS shares. Hovde Group lifted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their target price on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday.

ServisFirst Bancshares Company 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.