ServisFirst Bancshares, Inc. (NYSE:SFBS) Holdings Decreased by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC reduced its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 34.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,241 shares of the financial services provider’s stock after selling 2,191 shares during the period. Resolute Wealth Strategies LLC’s holdings in ServisFirst Bancshares were worth $359,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth $32,000. R Squared Ltd bought a new stake in shares of ServisFirst Bancshares during the 4th quarter valued at about $69,000. Smartleaf Asset Management LLC raised its stake in ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 747 shares during the period. KBC Group NV lifted its holdings in ServisFirst Bancshares by 52.4% in the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 800 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in ServisFirst Bancshares in the third quarter valued at approximately $203,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Price Performance

NYSE SFBS opened at $91.29 on Tuesday. The company has a 50-day moving average price of $88.05 and a two-hundred day moving average price of $86.52. ServisFirst Bancshares, Inc. has a 52 week low of $58.10 and a 52 week high of $101.37. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 21.94 and a beta of 0.91. 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 data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.91 earnings per share. Analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.21%.

Analyst Ratings Changes

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

Insider Activity at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.40% of the company’s stock.

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.