ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 1.4% during the first quarter, HoldingsChannel reports. The firm owned 31,689 shares of the financial services provider’s stock after purchasing an additional 424 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ServisFirst Bancshares were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Watchman Group Inc. acquired a new stake in shares of ServisFirst Bancshares in the first quarter worth $2,521,000. Public Sector Pension Investment Board increased its stake in shares of ServisFirst Bancshares by 27.4% in the first quarter. Public Sector Pension Investment Board now owns 159,253 shares of the financial services provider’s stock worth $13,154,000 after acquiring an additional 34,210 shares during the period. Independent Advisor Alliance acquired a new stake in shares of ServisFirst Bancshares in the first quarter worth $430,000. Nuveen LLC acquired a new stake in shares of ServisFirst Bancshares in the first quarter worth $12,726,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of ServisFirst Bancshares by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 539,480 shares of the financial services provider’s stock worth $44,561,000 after acquiring an additional 18,415 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

Shares of NYSE SFBS opened at $81.27 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $4.44 billion, a PE ratio of 17.78 and a beta of 0.85. ServisFirst Bancshares, Inc. has a 1 year low of $66.48 and a 1 year high of $101.37. The company’s fifty day moving average price is $79.03 and its 200 day moving average price is $79.41.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $132.11 million for the quarter, compared to the consensus estimate of $140.26 million. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. During the same period last year, the firm posted $0.95 earnings per share. On average, research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 29.32%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd.

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.