SG Americas Securities LLC Sells 41,776 Shares of ServisFirst Bancshares, Inc. $SFBS

SG Americas Securities LLC trimmed its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 54.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 34,456 shares of the financial services provider’s stock after selling 41,776 shares during the period. SG Americas Securities LLC’s holdings in ServisFirst Bancshares were worth $2,509,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SFBS. Salomon & Ludwin LLC grew its stake in ServisFirst Bancshares by 523.6% during the fourth quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 288 shares in the last quarter. State of Wyoming purchased a new stake in ServisFirst Bancshares in the 2nd quarter worth approximately $29,000. Danske Bank A S bought a new stake in ServisFirst Bancshares during the third quarter valued at $32,000. CWM LLC grew its position in ServisFirst Bancshares by 17.3% during the fourth quarter. CWM LLC now owns 955 shares of the financial services provider’s stock worth $69,000 after buying an additional 141 shares in the last quarter. Finally, Covestor Ltd grew its position in ServisFirst Bancshares by 111.1% during the fourth quarter. Covestor Ltd now owns 1,195 shares of the financial services provider’s stock worth $86,000 after buying an additional 629 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $94.33.

ServisFirst Bancshares Trading Up 2.4%

NYSE SFBS opened at $88.84 on Thursday. 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 stock’s 50-day simple moving average is $79.67 and its two-hundred day simple moving average is $78.52. ServisFirst Bancshares, Inc. has a twelve month low of $67.20 and a twelve month high of $90.64. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 16.39 and a beta of 0.86.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million during the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. Research analysts forecast that ServisFirst Bancshares, Inc. will post 6.4 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, July 1st will be given a $0.38 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.52 dividend on an annualized basis and a yield of 1.7%. ServisFirst Bancshares’s payout ratio is presently 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.