Handelsinvest Investeringsforvaltning Lowers Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Handelsinvest Investeringsforvaltning lessened its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 34.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,006 shares of the financial services provider’s stock after selling 2,080 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in ServisFirst Bancshares were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFBS. GAMMA Investing LLC purchased a new stake in ServisFirst Bancshares during the fourth quarter valued at about $42,000. Scarborough Advisors LLC bought a new stake in ServisFirst Bancshares during the fourth quarter worth about $102,000. Strs Ohio lifted its stake in ServisFirst Bancshares by 38.5% during the fourth quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 500 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in ServisFirst Bancshares by 54.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 830 shares during the last quarter. Finally, Xponance Inc. bought a new stake in ServisFirst Bancshares during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

SFBS stock traded down $0.69 during mid-day trading on Wednesday, hitting $62.12. 7,829 shares of the stock were exchanged, compared to its average volume of 177,957. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $61.80 and a 200 day moving average price of $63.06. ServisFirst Bancshares, Inc. has a 12 month low of $39.27 and a 12 month high of $70.84. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 17.22 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. The firm had revenue of $111.31 million during the quarter, compared to analyst estimates of $108.14 million. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

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.