Alliance Wealth Advisors LLC UT Has $532,000 Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Alliance Wealth Advisors LLC UT lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,277 shares of the financial services provider’s stock after selling 248 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in ServisFirst Bancshares were worth $532,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SFBS. AQR Capital Management LLC acquired a new position in ServisFirst Bancshares during the second quarter valued at approximately $253,000. Millennium Management LLC grew its stake in ServisFirst Bancshares by 182.0% in the 2nd quarter. Millennium Management LLC now owns 94,185 shares of the financial services provider’s stock valued at $5,952,000 after buying an additional 60,781 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in ServisFirst Bancshares by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,939 shares of the financial services provider’s stock worth $1,892,000 after acquiring an additional 899 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in ServisFirst Bancshares by 8.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,292 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 540 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in ServisFirst Bancshares by 0.6% during 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. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of SFBS stock opened at $91.05 on Wednesday. ServisFirst Bancshares, Inc. has a 12 month low of $58.05 and a 12 month high of $101.37. The company has a market capitalization of $4.97 billion, a P/E ratio of 21.89 and a beta of 0.91. The stock has a 50 day moving average of $89.28 and a two-hundred day moving average of $84.83. 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 earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.91 earnings per share. As a group, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.335 per share. 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 1.47%. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s payout ratio is 32.21%.

Analysts Set New Price Targets

SFBS has been the topic of several recent analyst reports. Hovde Group lifted their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Piper Sandler raised their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th.

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.