Yousif Capital Management LLC Sells 523 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Yousif Capital Management LLC lowered its position in ServisFirst Bancshares, Inc. (NASDAQ:SFBSFree Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,245 shares of the financial services provider’s stock after selling 523 shares during the quarter. Yousif Capital Management LLC’s holdings in ServisFirst Bancshares were worth $1,615,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in ServisFirst Bancshares during the fourth quarter worth about $42,000. Allspring Global Investments Holdings LLC purchased a new position in shares of ServisFirst Bancshares during the third quarter worth about $52,000. Strs Ohio purchased a new position in shares of ServisFirst Bancshares during the third quarter worth about $67,000. Xponance Inc. bought a new position in shares of ServisFirst Bancshares in the fourth quarter worth approximately $205,000. Finally, Mackenzie Financial Corp purchased a new stake in ServisFirst Bancshares in the fourth quarter valued at approximately $207,000. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SFBS. StockNews.com raised shares of ServisFirst Bancshares to a “sell” rating in a report on Tuesday, January 23rd. Piper Sandler raised their price target on ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th.

Get Our Latest Analysis on SFBS

ServisFirst Bancshares Stock Up 2.2 %

SFBS opened at $61.60 on Friday. The company has a market cap of $3.36 billion, a P/E ratio of 15.83 and a beta of 0.91. ServisFirst Bancshares, Inc. has a 12 month low of $39.27 and a 12 month high of $70.84. The business’s 50-day moving average price is $62.52 and its 200-day moving average price is $59.79. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NASDAQ:SFBSGet Free Report) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $109.07 million for the quarter, compared to analysts’ expectations of $107.00 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. On average, equities analysts expect that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, April 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 28th. ServisFirst Bancshares’s payout ratio is 32.88%.

About ServisFirst Bancshares

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ServisFirst Bancshares (NASDAQ:SFBS)

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