ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC cut its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 34.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,241 shares of the financial services provider’s stock after selling 2,191 shares during the period. Resolute Wealth Strategies LLC’s holdings in ServisFirst Bancshares were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SFBS. Orion Portfolio Solutions LLC raised its holdings in ServisFirst Bancshares by 2.4% in the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock valued at $448,000 after buying an additional 128 shares during the period. Precision Wealth Strategies LLC raised its stake in shares of ServisFirst Bancshares by 1.8% in the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 133 shares during the period. Creative Planning lifted its holdings in shares of ServisFirst Bancshares by 6.5% during the 3rd quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 205 shares in the last quarter. Raymond James Trust N.A. boosted its position in ServisFirst Bancshares by 5.7% during the 3rd quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 263 shares during the period. Finally, Cottonwood Capital Advisors LLC increased its holdings in ServisFirst Bancshares by 13.7% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 378 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Price Performance

Shares of SFBS stock opened at $91.29 on Tuesday. The firm has a fifty day simple moving average of $88.05 and a 200-day simple moving average of $86.52. The company has a market capitalization of $4.98 billion, a PE ratio of 21.94 and a beta of 0.91. ServisFirst Bancshares, Inc. has a twelve month low of $58.10 and a twelve month 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.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 company posted $0.91 earnings per share. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.21%.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the transaction, the director now directly owns 17,436 shares in the company, valued at $1,546,224.48. This represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Piper Sandler raised their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th.

ServisFirst Bancshares Profile

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.