AlphaCrest Capital Management LLC acquired a new stake in shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,941 shares of the financial services provider’s stock, valued at approximately $635,000.
Other large investors also recently modified their holdings of the company. Amalgamated Bank raised its holdings in shares of ServisFirst Bancshares by 1.7% during the 3rd quarter. Amalgamated Bank now owns 24,135 shares of the financial services provider’s stock valued at $1,931,000 after buying an additional 413 shares in the last quarter. Centiva Capital LP purchased a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at about $271,000. First Republic Investment Management Inc. raised its holdings in shares of ServisFirst Bancshares by 16.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 15,884 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 2,232 shares in the last quarter. Ronald Blue Trust Inc. purchased a new position in shares of ServisFirst Bancshares during the 2nd quarter valued at about $3,352,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of ServisFirst Bancshares during the 3rd quarter valued at about $370,000. 63.25% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on SFBS shares. StockNews.com lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. Piper Sandler reduced their price target on ServisFirst Bancshares from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 24th.
ServisFirst Bancshares Price Performance
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last posted its quarterly earnings results on Monday, January 23rd. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. ServisFirst Bancshares had a return on equity of 20.11% and a net margin of 42.44%. The business had revenue of $177.24 million for the quarter, compared to analyst estimates of $138.50 million. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 4.42 earnings per share for the current year.
ServisFirst Bancshares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, January 3rd were given a $0.28 dividend. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.23. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, December 30th. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 24.30%.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.
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