Intech Investment Management LLC Decreases Holdings in ServisFirst Bancshares, Inc. $SFBS

Intech Investment Management LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 37.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,797 shares of the financial services provider’s stock after selling 12,427 shares during the period. Intech Investment Management LLC’s holdings in ServisFirst Bancshares were worth $1,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in ServisFirst Bancshares by 214.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 212 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. State of Wyoming purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter valued at approximately $29,000. Danske Bank A S acquired a new stake in shares of ServisFirst Bancshares during the third quarter worth approximately $32,000. Finally, Fifth Third Bancorp grew its position in shares of ServisFirst Bancshares by 105.1% during the third quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock worth $46,000 after buying an additional 290 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Price Performance

Shares of NYSE SFBS opened at $78.23 on Friday. ServisFirst Bancshares, Inc. has a twelve month low of $67.20 and a twelve month high of $90.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 14.43 and a beta of 0.88. The business has a 50 day simple moving average of $77.00 and a 200-day simple moving average of $77.01.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million during the quarter, compared to the consensus estimate of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. As a group, equities research analysts expect that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, April 1st. ServisFirst Bancshares’s payout ratio is 28.04%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SFBS. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Hovde Group raised their price target on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Zacks Research downgraded shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Piper Sandler boosted their price target on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $94.33.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.