GSA Capital Partners LLP Sells 2,654 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

GSA Capital Partners LLP lowered its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.4% in the 3rd quarter, Holdings Channel reports. The fund owned 22,902 shares of the financial services provider’s stock after selling 2,654 shares during the quarter. GSA Capital Partners LLP’s holdings in ServisFirst Bancshares were worth $1,842,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of ServisFirst Bancshares by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,699,645 shares of the financial services provider’s stock worth $378,228,000 after acquiring an additional 221,507 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of ServisFirst Bancshares by 34.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,438,872 shares of the financial services provider’s stock worth $95,484,000 after acquiring an additional 364,720 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ServisFirst Bancshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock valued at $77,775,000 after buying an additional 36,302 shares in the last quarter. Principal Financial Group Inc. raised its stake in ServisFirst Bancshares by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock valued at $83,466,000 after buying an additional 108,088 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of ServisFirst Bancshares by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 472,799 shares of the financial services provider’s stock worth $29,876,000 after acquiring an additional 7,450 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $96.61 on Wednesday. The business has a 50-day simple moving average of $82.87 and a two-hundred day simple moving average of $73.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 25.83 and a beta of 0.86. ServisFirst Bancshares, Inc. has a fifty-two week low of $46.06 and a fifty-two week high of $100.14.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. The company had revenue of $256.53 million for the quarter, compared to analysts’ expectations of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same quarter last year, the company posted $0.98 earnings per share. On average, analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. ServisFirst Bancshares’s dividend payout ratio is presently 32.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Hovde Group upped their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Piper Sandler boosted their price objective on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, COO Rodney Eldon Rushing sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at approximately $24,805,505.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Rodney Eldon Rushing sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now owns 8,501 shares of the company’s stock, valued at $724,285.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.