Quadrature Capital Ltd Purchases Shares of 4,186 ServisFirst Bancshares, Inc. (NYSE:SFBS)

Quadrature Capital Ltd acquired a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,186 shares of the financial services provider’s stock, valued at approximately $337,000.

Several other institutional investors have also recently modified their holdings of SFBS. Dimensional Fund Advisors LP increased its holdings in ServisFirst Bancshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock worth $77,775,000 after buying an additional 36,302 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 108,088 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of ServisFirst Bancshares by 13.4% in the 3rd quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider’s stock valued at $56,983,000 after acquiring an additional 83,804 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of ServisFirst Bancshares by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 491,818 shares of the financial services provider’s stock worth $39,567,000 after acquiring an additional 43,844 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of ServisFirst Bancshares by 1.6% during 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 purchasing an additional 7,450 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ServisFirst Bancshares

In related news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total value of $966,960.00. Following the transaction, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 8,501 shares of the company’s stock, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.

ServisFirst Bancshares Stock Down 0.7 %

SFBS opened at $94.46 on Tuesday. The company has a fifty day moving average of $88.84 and a two-hundred day moving average of $77.66. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 25.26 and a beta of 0.88. ServisFirst Bancshares, Inc. has a fifty-two week low of $55.83 and a fifty-two week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. The firm had revenue of $256.53 million during the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same quarter in the previous year, the business earned $0.98 EPS. On average, research analysts expect that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.27%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.09%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SFBS shares. Hovde Group increased their price target on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com cut ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, November 24th. Finally, Piper Sandler boosted their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

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.