Sanctuary Advisors LLC Has $8.25 Million Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Sanctuary Advisors LLC cut its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,506 shares of the financial services provider’s stock after selling 3,262 shares during the quarter. Sanctuary Advisors LLC owned 0.17% of ServisFirst Bancshares worth $8,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFBS. Victory Capital Management Inc. raised its stake in ServisFirst Bancshares by 2,704.5% during the 3rd quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock worth $33,428,000 after buying an additional 400,694 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of ServisFirst Bancshares during the third quarter worth approximately $10,507,000. Stonegate Investment Group LLC lifted its holdings in shares of ServisFirst Bancshares by 13.5% in the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock worth $80,280,000 after purchasing an additional 112,521 shares in the last quarter. Principal Financial Group Inc. grew its position in ServisFirst Bancshares by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after purchasing an additional 108,088 shares during the period. Finally, Wasatch Advisors LP increased its stake in ServisFirst Bancshares by 13.4% during the 3rd quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider’s stock valued at $56,983,000 after purchasing an additional 83,804 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. The trade was a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Trading Down 0.3 %

NYSE SFBS opened at $90.32 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $88.22 and a 200 day simple moving average of $85.69. ServisFirst Bancshares, Inc. has a 12 month low of $58.10 and a 12 month high of $101.37. The firm has a market capitalization of $4.93 billion, a P/E ratio of 21.71 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period last year, the business posted $0.91 earnings per share. On average, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 annualized dividend and a dividend yield of 1.48%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.21%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

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.