Butensky & Cohen Financial Security Inc. Makes New Investment in ServisFirst Bancshares, Inc. (NYSE:SFBS)
Butensky & Cohen Financial Security Inc. purchased a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,810 shares of the financial services provider's stock, valued at approximately $480,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after acquiring an additional 747 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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. Bank of New York Mellon Corp boosted its holdings in shares of ServisFirst Bancshares by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock valued at $39,354,000 after buying an additional 36,711 shares in the last quarter. Keybank National Association OH acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $428,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $1,858,000. Institutional investors and hedge funds own 67.31% of the company's stock.
Separately, Piper Sandler lowered their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd.
Get Our Latest Analysis on SFBS
Shares of ServisFirst Bancshares stock opened at $75.03 on Friday. The company has a fifty day simple moving average of $73.06 and a 200-day simple moving average of $83.13. ServisFirst Bancshares, Inc. has a 12-month low of $58.51 and a 12-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. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 18.04 and a beta of 0.83.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the previous year, the company posted $0.94 EPS. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.
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.
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