Westwood Holdings Group Inc. Lowers Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Westwood Holdings Group Inc. decreased its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 36.9% during the first quarter, Holdings Channel reports. The institutional investor owned 3,059 shares of the financial services provider’s stock after selling 1,788 shares during the quarter. Westwood Holdings Group Inc.’s holdings in ServisFirst Bancshares were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SFBS. LifeSteps Financial Inc. acquired a new position in ServisFirst Bancshares in the 4th quarter worth about $213,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in ServisFirst Bancshares by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,809 shares of the financial services provider’s stock worth $1,586,000 after purchasing an additional 1,500 shares during the period. Arlington Trust Co LLC acquired a new position in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $2,847,000. Mutual of America Capital Management LLC raised its holdings in shares of ServisFirst Bancshares by 308.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 35,095 shares of the financial services provider’s stock valued at $2,338,000 after acquiring an additional 26,510 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $1,632,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SFBS shares. Piper Sandler increased their target price on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Hovde Group increased their target price on ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, July 16th.

ServisFirst Bancshares Trading Up 0.5 %

Shares of ServisFirst Bancshares stock opened at $80.54 on Friday. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 22.07 and a beta of 0.89. ServisFirst Bancshares, Inc. has a fifty-two week low of $45.21 and a fifty-two week high of $82.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average of $64.83 and a 200 day moving average of $63.75.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st were given a dividend of $0.30 per share. The ex-dividend date was Monday, July 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. ServisFirst Bancshares’s dividend payout ratio is currently 32.88%.

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.