WINTON GROUP Ltd Takes Position in ServisFirst Bancshares, Inc. $SFBS

WINTON GROUP Ltd purchased a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,705 shares of the financial services provider’s stock, valued at approximately $1,056,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. boosted its position in shares of ServisFirst Bancshares by 17.1% during the 4th quarter. Vise Technologies Inc. now owns 2,947 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 431 shares during the last quarter. Lido Advisors LLC boosted its position in shares of ServisFirst Bancshares by 3.9% during the 4th quarter. Lido Advisors LLC now owns 4,769 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 179 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of ServisFirst Bancshares during the 4th quarter valued at about $239,000. Marble Wealth LLC acquired a new position in shares of ServisFirst Bancshares during the 4th quarter valued at about $392,000. Finally, Norges Bank acquired a new position in shares of ServisFirst Bancshares during the 4th quarter valued at about $47,908,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 1.5%

NYSE SFBS opened at $79.34 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $4.34 billion, a P/E ratio of 14.64 and a beta of 0.88. The firm’s 50-day moving average is $77.24 and its two-hundred day moving average is $77.22. ServisFirst Bancshares, Inc. has a 12 month low of $67.20 and a 12 month high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $158.99 million for the quarter, compared to analyst estimates of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. On average, sell-side analysts anticipate that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.52 dividend on an annualized basis and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio is 28.04%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price target on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Hovde Group upped their target price on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $94.33.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.