ServisFirst Bancshares (NASDAQ:SFBS) Shares Gap Up to $61.30

Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) gapped up before the market opened on Tuesday . The stock had previously closed at $61.30, but opened at $64.69. ServisFirst Bancshares shares last traded at $64.38, with a volume of 43,047 shares changing hands.

Analyst Upgrades and Downgrades

SFBS has been the subject of several recent research reports. Piper Sandler lifted their price target on ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. StockNews.com raised ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd.

ServisFirst Bancshares Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $59.51. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 16.44 and a beta of 0.88.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. The company had revenue of $109.07 million for the quarter, compared to analyst estimates of $107.00 million. On average, analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio is presently 32.88%.

Institutional Trading of ServisFirst Bancshares

Institutional investors have recently made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of ServisFirst Bancshares in the third quarter worth approximately $1,212,000. Red Door Wealth Management LLC acquired a new stake in shares of ServisFirst Bancshares in the fourth quarter worth approximately $924,000. Arlington Trust Co LLC acquired a new stake in shares of ServisFirst Bancshares in the fourth quarter worth approximately $2,847,000. Trexquant Investment LP boosted its stake in shares of ServisFirst Bancshares by 123.6% in the third quarter. Trexquant Investment LP now owns 16,721 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 9,243 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of ServisFirst Bancshares by 308.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 35,095 shares of the financial services provider’s stock worth $2,338,000 after acquiring an additional 26,510 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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.