5,776 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,776 shares of the financial services provider’s stock, valued at approximately $489,000.

Several other institutional investors also recently bought and sold shares of SFBS. Point72 DIFC Ltd bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter worth $32,000. R Squared Ltd acquired a new position in ServisFirst Bancshares during the 4th quarter worth $69,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $102,000 after acquiring an additional 747 shares during the period. KBC Group NV boosted its holdings in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 800 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of ServisFirst Bancshares in the third quarter valued at about $208,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Down 2.1 %

Shares of SFBS opened at $80.85 on Wednesday. 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 company has a 50-day simple moving average of $87.14 and a 200-day simple moving average of $87.34. ServisFirst Bancshares, Inc. has a 52 week low of $58.11 and a 52 week high of $101.37. The firm has a market capitalization of $4.41 billion, a P/E ratio of 19.43 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.91 earnings per share. On average, equities research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st will be given a $0.335 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.66%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 32.21%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Company Profile

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.