Portside Wealth Group LLC Has $1.16 Million Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Portside Wealth Group LLC reduced its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,685 shares of the financial services provider’s stock after selling 427 shares during the quarter. Portside Wealth Group LLC’s holdings in ServisFirst Bancshares were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFBS. GAMMA Investing LLC grew its holdings in shares of ServisFirst Bancshares by 2,878.9% in the 1st quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider’s stock worth $11,592,000 after purchasing an additional 135,626 shares during the last quarter. GTS Securities LLC acquired a new position in ServisFirst Bancshares in the fourth quarter valued at about $225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ServisFirst Bancshares by 36.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,153 shares of the financial services provider’s stock worth $8,148,000 after buying an additional 25,785 shares during the last quarter. Waverly Advisors LLC grew its stake in ServisFirst Bancshares by 1.0% during the fourth quarter. Waverly Advisors LLC now owns 146,748 shares of the financial services provider’s stock worth $12,435,000 after buying an additional 1,493 shares during the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of ServisFirst Bancshares in the fourth quarter valued at approximately $3,391,000. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Up 1.9%

SFBS opened at $74.79 on Wednesday. ServisFirst Bancshares, Inc. has a 1-year low of $58.51 and a 1-year high of $101.37. The stock has a market capitalization of $4.08 billion, a PE ratio of 17.98 and a beta of 0.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $73.52 and a two-hundred day moving average price of $83.47.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same period in the prior year, the business earned $0.94 EPS. As a group, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.79%. ServisFirst Bancshares’s payout ratio is currently 30.45%.

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.