ServisFirst Bancshares, Inc. $SFBS Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 514,203 shares of the financial services provider’s stock after buying an additional 48,993 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in ServisFirst Bancshares were worth $41,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming purchased a new position in ServisFirst Bancshares during the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $30,000. Quarry LP grew its position in shares of ServisFirst Bancshares by 52.8% in the first quarter. Quarry LP now owns 544 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 188 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of ServisFirst Bancshares by 20.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,356 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 229 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of ServisFirst Bancshares by 6.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 125 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SFBS shares. Hovde Group upgraded ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a report on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 22nd. Piper Sandler dropped their price objective on ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Zacks Research raised shares of ServisFirst Bancshares from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Raymond James Financial upgraded shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ServisFirst Bancshares presently has an average rating of “Hold” and an average price target of $88.00.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock opened at $73.69 on Friday. The stock has a fifty day moving average price of $71.81 and a 200 day moving average price of $77.93. ServisFirst Bancshares, Inc. has a 52 week low of $66.48 and a 52 week high of $93.90. The firm has a market capitalization of $4.03 billion, a P/E ratio of 15.78 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 EPS for the quarter. ServisFirst Bancshares had a return on equity of 15.67% and a net margin of 25.24%.The company had revenue of $104.27 million during the quarter. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, January 2nd will be issued a $0.38 dividend. The ex-dividend date is Friday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 2.1%. ServisFirst Bancshares’s payout ratio is presently 32.55%.

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.