SG Americas Securities LLC Cuts Holdings in ServisFirst Bancshares, Inc. $SFBS

SG Americas Securities LLC decreased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 54.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,456 shares of the financial services provider’s stock after selling 41,776 shares during the period. SG Americas Securities LLC owned 0.06% of ServisFirst Bancshares worth $2,509,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in shares of ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock worth $25,000 after buying an additional 288 shares during the last quarter. State of Wyoming bought a new stake in ServisFirst Bancshares during the second quarter worth $29,000. Danske Bank A S purchased a new position in ServisFirst Bancshares in the third quarter worth $32,000. CWM LLC grew its stake in ServisFirst Bancshares by 17.3% in the 4th quarter. CWM LLC now owns 955 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 141 shares during the period. Finally, Covestor Ltd grew its stake in ServisFirst Bancshares by 111.1% in the 4th quarter. Covestor Ltd now owns 1,195 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 629 shares during the period. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $88.84 on Thursday. The firm has a market capitalization of $4.86 billion, a PE ratio of 16.39 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $79.67 and a two-hundred day moving average price of $78.52. ServisFirst Bancshares, Inc. has a twelve month low of $67.20 and a twelve month high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $158.99 million for the quarter, compared to analyst estimates of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 6.4 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.52 annualized dividend and a dividend yield of 1.7%. ServisFirst Bancshares’s dividend payout ratio is currently 28.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research cut ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $94.33.

About ServisFirst Bancshares

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.