Portside Wealth Group LLC Sells 494 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Portside Wealth Group LLC reduced its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 13,062 shares of the financial services provider’s stock after selling 494 shares during the quarter. Portside Wealth Group LLC’s holdings in ServisFirst Bancshares were worth $1,079,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SFBS. Quarry LP bought a new stake in shares of ServisFirst Bancshares in the 4th quarter worth $30,000. Sterling Capital Management LLC grew its position in ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after buying an additional 747 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in ServisFirst Bancshares in the 4th quarter valued at about $210,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of ServisFirst Bancshares during the 4th quarter worth approximately $219,000. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Up 0.1%

NYSE SFBS opened at $75.25 on Tuesday. The business’s fifty day moving average is $72.92 and its 200-day moving average is $82.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 18.09 and a beta of 0.85. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The company had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same period in the prior year, the firm posted $0.94 EPS. Equities research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 annualized dividend and a yield of 1.78%. ServisFirst Bancshares’s payout ratio is 30.45%.

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.