Oregon Public Employees Retirement Fund Sells 1,200 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Oregon Public Employees Retirement Fund cut its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,943 shares of the financial services provider’s stock after selling 1,200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ServisFirst Bancshares were worth $755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in ServisFirst Bancshares by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 14,302 shares of the financial services provider’s stock valued at $953,000 after acquiring an additional 2,712 shares in the last quarter. Natixis Advisors L.P. bought a new position in shares of ServisFirst Bancshares in the fourth quarter valued at approximately $728,000. Charles Schwab Investment Management Inc. boosted its position in shares of ServisFirst Bancshares by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,032 shares of the financial services provider’s stock valued at $26,854,000 after buying an additional 14,739 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ServisFirst Bancshares by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,136,579 shares of the financial services provider’s stock valued at $75,736,000 after buying an additional 47,457 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in ServisFirst Bancshares by 54.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,365 shares of the financial services provider’s stock worth $158,000 after buying an additional 830 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on SFBS shares. Piper Sandler raised their price objective on ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th.

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $76.01 on Wednesday. The stock has a 50 day moving average of $74.98 and a 200 day moving average of $66.74. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 20.82 and a beta of 0.87. ServisFirst Bancshares, Inc. has a 12 month low of $45.21 and a 12 month high of $83.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $114.77 million during the quarter, compared to analyst estimates of $114.80 million. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. As a group, sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 3.82 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, July 1st were issued a dividend of $0.30 per share. The ex-dividend date was Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.88%.

ServisFirst Bancshares Company 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.