EverSource Wealth Advisors LLC Sells 670 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

EverSource Wealth Advisors LLC cut its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,265 shares of the financial services provider’s stock after selling 670 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ServisFirst Bancshares were worth $2,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of ServisFirst Bancshares by 2.6% during the third quarter. State Street Corp now owns 2,377,138 shares of the financial services provider’s stock valued at $191,241,000 after purchasing an additional 60,683 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ServisFirst Bancshares by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after purchasing an additional 23,555 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of ServisFirst Bancshares by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider’s stock valued at $89,277,000 after purchasing an additional 15,916 shares in the last quarter. Stonegate Investment Group LLC boosted its position in shares of ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock valued at $80,280,000 after purchasing an additional 112,521 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in ServisFirst Bancshares by 106.4% in the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider’s stock worth $72,684,000 after acquiring an additional 442,225 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SFBS shares. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Piper Sandler boosted their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th.

Insider Activity

In related news, Director Christopher J. Mettler sold 18,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Trading Up 0.3 %

Shares of NYSE:SFBS opened at $81.45 on Thursday. The company has a market cap of $4.45 billion, a P/E ratio of 19.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares, Inc. has a 1 year low of $58.11 and a 1 year high of $101.37. The stock’s fifty day moving average price is $87.94 and its 200-day moving average price is $86.88.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the prior year, the company earned $0.91 EPS. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio is presently 32.21%.

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.