JPMorgan Chase & Co. Has $77.48 Million Holdings in ServisFirst Bancshares, Inc. $SFBS

JPMorgan Chase & Co. lifted its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 26.2% during the third quarter, HoldingsChannel.com reports. The firm owned 962,164 shares of the financial services provider’s stock after purchasing an additional 199,772 shares during the period. JPMorgan Chase & Co.’s holdings in ServisFirst Bancshares were worth $77,483,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in ServisFirst Bancshares by 214.1% in the third quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 212 shares in the last quarter. State of Wyoming bought a new position in shares of ServisFirst Bancshares in the 2nd quarter valued at about $29,000. Smartleaf Asset Management LLC increased its position in shares of ServisFirst Bancshares by 21.8% in the third quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 223 shares during the last quarter. GAMMA Investing LLC increased its position in shares of ServisFirst Bancshares by 20.3% in the third quarter. GAMMA Investing LLC now owns 1,356 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 229 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in ServisFirst Bancshares by 106.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SFBS shares. Zacks Research upgraded ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Piper Sandler raised shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 target price for the company in a research note on Wednesday, January 21st. Raymond James Financial upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research note on Monday, December 29th. Finally, Hovde Group raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $91.00.

ServisFirst Bancshares Trading Down 4.0%

Shares of ServisFirst Bancshares stock opened at $83.26 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day simple moving average of $79.38 and a two-hundred day simple moving average of $78.41. ServisFirst Bancshares, Inc. has a 1 year low of $66.48 and a 1 year high of $93.43. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 16.45 and a beta of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. The company had revenue of $162.21 million for the quarter, compared to analyst estimates of $151.82 million. ServisFirst Bancshares had a net margin of 26.95% and a return on equity of 16.36%. Research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, January 2nd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.8%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is 30.04%.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.