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

Deprince Race & Zollo Inc. cut its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 56.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,777 shares of the financial services provider’s stock after selling 302,420 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.43% of ServisFirst Bancshares worth $17,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its holdings in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after buying an additional 288 shares during the period. State of Wyoming purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter worth about $29,000. Danske Bank A S acquired a new stake in shares of ServisFirst Bancshares in the third quarter worth approximately $32,000. CWM LLC boosted its position in shares of ServisFirst Bancshares by 17.3% in the fourth quarter. CWM LLC now owns 955 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 141 shares during the last quarter. Finally, Covestor Ltd grew its holdings in ServisFirst Bancshares by 111.1% in the fourth 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. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Down 2.3%

SFBS opened at $86.77 on Friday. The firm has a 50 day moving average price of $79.82 and a 200 day moving average price of $78.60. The company has a market cap of $4.74 billion, a PE ratio of 16.01 and a beta of 0.86. ServisFirst Bancshares, Inc. has a 1 year low of $67.20 and a 1 year high of $90.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98.

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

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, July 1st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is 28.04%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research lowered shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings upgraded ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, Piper Sandler increased their target price on ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report 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 stock. According to MarketBeat.com, ServisFirst Bancshares presently has an average rating of “Buy” and a consensus target price 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.