Orion Portfolio Solutions LLC Grows Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Orion Portfolio Solutions LLC increased its position in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,569 shares of the financial services provider’s stock after purchasing an additional 128 shares during the period. Orion Portfolio Solutions LLC’s holdings in ServisFirst Bancshares were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of ServisFirst Bancshares in the 3rd quarter worth approximately $32,000. Quest Partners LLC boosted its holdings in ServisFirst Bancshares by 4,880.0% in the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 976 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ServisFirst Bancshares by 138.6% in the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 535 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ServisFirst Bancshares during the second quarter valued at $84,000. Finally, LMR Partners LLP purchased a new position in shares of ServisFirst Bancshares in the 3rd quarter worth about $203,000. Institutional investors own 67.31% of the company’s stock.

Insider Buying and Selling at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the sale, the senior vice president now owns 8,501 shares in the company, valued at $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SFBS. StockNews.com downgraded shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, November 24th. Hovde Group increased their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler boosted their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $86.39 on Thursday. The firm has a market cap of $4.71 billion, a PE ratio of 23.10 and a beta of 0.88. ServisFirst Bancshares, Inc. has a 1-year low of $58.05 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 $90.72 and a two-hundred day simple moving average of $79.01.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The company had revenue of $256.53 million during the quarter, compared to analyst estimates of $120.70 million. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts anticipate that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.335 per share. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.55%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.09%.

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.