Public Sector Pension Investment Board Has $8.56 Million Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Public Sector Pension Investment Board reduced its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 106,430 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Public Sector Pension Investment Board’s holdings in ServisFirst Bancshares were worth $8,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in ServisFirst Bancshares by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock worth $2,036,000 after purchasing an additional 196 shares during the last quarter. Creative Planning increased its stake in shares of ServisFirst Bancshares by 6.5% in the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after buying an additional 205 shares during the period. Inspire Investing LLC raised its position in shares of ServisFirst Bancshares by 3.9% during the second quarter. Inspire Investing LLC now owns 5,553 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 206 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of ServisFirst Bancshares by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 43,131 shares of the financial services provider’s stock worth $2,725,000 after acquiring an additional 254 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in ServisFirst Bancshares by 5.7% in the third quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SFBS shares. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, November 24th.

Insider Buying and Selling

In other news, COO Rodney Eldon Rushing sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at $24,805,505.46. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the transaction, the senior vice president now directly owns 8,501 shares in the company, valued at approximately $724,285.20. The trade was a 10.53 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $95.78 on Friday. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.61 and a beta of 0.86. ServisFirst Bancshares, Inc. has a 52-week low of $50.56 and a 52-week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50 day moving average price is $87.07 and its two-hundred day moving average price is $76.24.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. The business had revenue of $256.53 million during the quarter, compared to analysts’ expectations of $120.70 million. During the same period last year, the company posted $0.98 earnings per share. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s payout ratio is 32.09%.

About ServisFirst Bancshares

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.