231,752 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 231,752 shares of the financial services provider’s stock, valued at approximately $19,639,000.

A number of other large investors have also bought and sold shares of the business. Arizona State Retirement System increased its stake in ServisFirst Bancshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider’s stock worth $1,274,000 after purchasing an additional 123 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of ServisFirst Bancshares during the 4th quarter worth approximately $1,858,000. Victory Capital Management Inc. grew its stake in shares of ServisFirst Bancshares by 106.4% during the 4th quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider’s stock worth $72,684,000 after acquiring an additional 442,225 shares in the last quarter. Keybank National Association OH bought a new position in shares of ServisFirst Bancshares during the 4th quarter worth approximately $428,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of ServisFirst Bancshares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider’s stock worth $44,155,000 after acquiring an additional 29,247 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Insider Buying and Selling at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares of the company’s stock, valued at $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.40% of the company’s stock.

ServisFirst Bancshares Price Performance

NYSE:SFBS opened at $83.28 on Monday. ServisFirst Bancshares, Inc. has a 1-year low of $58.11 and a 1-year high of $101.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $87.86 and a 200 day simple moving average of $86.94. The stock has a market capitalization of $4.55 billion, a PE ratio of 20.02 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

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.