ServisFirst Bancshares, Inc. $SFBS Shares Purchased by UBS Group AG

UBS Group AG increased its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,136 shares of the financial services provider’s stock after purchasing an additional 29,698 shares during the quarter. UBS Group AG owned 0.24% of ServisFirst Bancshares worth $9,558,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in ServisFirst Bancshares by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock worth $77,483,000 after acquiring an additional 199,772 shares in the last quarter. First Trust Advisors LP raised its position in ServisFirst Bancshares by 61.6% in the third quarter. First Trust Advisors LP now owns 528,011 shares of the financial services provider’s stock worth $42,521,000 after acquiring an additional 201,309 shares in the last quarter. Vest Financial LLC raised its position in ServisFirst Bancshares by 127.8% in the third quarter. Vest Financial LLC now owns 33,439 shares of the financial services provider’s stock worth $2,693,000 after acquiring an additional 18,760 shares in the last quarter. Champlain Investment Partners LLC raised its position in ServisFirst Bancshares by 5.1% in the third quarter. Champlain Investment Partners LLC now owns 2,696,260 shares of the financial services provider’s stock worth $217,130,000 after acquiring an additional 129,732 shares in the last quarter. Finally, Welch Group LLC raised its position in ServisFirst Bancshares by 2.0% in the fourth quarter. Welch Group LLC now owns 1,003,503 shares of the financial services provider’s stock worth $72,041,000 after acquiring an additional 19,727 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SFBS shares. Piper Sandler increased their price objective on ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of ServisFirst Bancshares in a research report on Friday, April 10th. Raymond James Financial upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, January 21st. Hovde Group increased their price objective on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Zacks Research cut ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.33.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $74.82 on Friday. ServisFirst Bancshares, Inc. has a 52 week low of $67.20 and a 52 week high of $90.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $76.04 and its 200 day simple moving average is $76.34. The firm has a market capitalization of $4.09 billion, a PE ratio of 13.80 and a beta of 0.90.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $158.99 million for the quarter, compared to analyst estimates of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. On average, equities research analysts predict that ServisFirst Bancshares, Inc. will post 6.4 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Wednesday, April 1st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 28.04%.

ServisFirst Bancshares Company Profile

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.