Arlington Trust Co LLC Trims Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Arlington Trust Co LLC cut its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 92.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,350 shares of the financial services provider’s stock after selling 39,600 shares during the quarter. Arlington Trust Co LLC’s holdings in ServisFirst Bancshares were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SFBS. BNP Paribas Financial Markets boosted its holdings in ServisFirst Bancshares by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 26,492 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 6,964 shares during the last quarter. Cetera Investment Advisers acquired a new stake in ServisFirst Bancshares in the first quarter valued at $2,125,000. Dimensional Fund Advisors LP raised its holdings in ServisFirst Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider’s stock valued at $77,775,000 after acquiring an additional 36,302 shares in the last quarter. Savant Capital LLC boosted its stake in ServisFirst Bancshares by 286.8% during the 2nd quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock valued at $4,048,000 after acquiring an additional 47,502 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in ServisFirst Bancshares by 42.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider’s stock worth $9,898,000 after acquiring an additional 46,469 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

SFBS has been the subject of a number of research reports. Piper Sandler lifted their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Hovde Group raised their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd.

Insider Buying and Selling at ServisFirst Bancshares

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

ServisFirst Bancshares Stock Performance

Shares of SFBS traded up $1.17 during trading hours on Friday, reaching $84.31. 207,092 shares of the company’s stock traded hands, compared to its average volume of 189,286. ServisFirst Bancshares, Inc. has a twelve month low of $46.06 and a twelve month high of $88.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 22.54 and a beta of 0.86. The business’s fifty day simple moving average is $81.08 and its two-hundred day simple moving average is $71.66.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $0.98 EPS. Analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.42%. ServisFirst Bancshares’s dividend payout ratio is 32.09%.

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.