Atria Investments Inc Sells 5,939 Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Posted by Defense World Staff on Apr 21st, 2023

Atria Investments Inc trimmed its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) by 26.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,681 shares of the financial services provider’s stock after selling 5,939 shares during the quarter. Atria Investments Inc’s holdings in ServisFirst Bancshares were worth $1,149,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd raised its holdings in ServisFirst Bancshares by 3.9% during the 3rd quarter. WINTON GROUP Ltd now owns 3,659 shares of the financial services provider’s stock valued at $293,000 after buying an additional 136 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in ServisFirst Bancshares by 0.6% during the 4th quarter. State of Alaska Department of Revenue now owns 34,044 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 187 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in ServisFirst Bancshares by 64.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 590 shares of the financial services provider’s stock valued at $47,000 after buying an additional 231 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in ServisFirst Bancshares by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,130 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 236 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in ServisFirst Bancshares by 9.1% during the 1st quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider’s stock valued at $298,000 after buying an additional 261 shares during the last quarter. 63.25% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Down 2.9 %

NASDAQ:SFBS opened at $49.90 on Friday. The firm’s 50-day moving average price is $61.46 and its 200-day moving average price is $69.05. The company has a market capitalization of $2.71 billion, a PE ratio of 10.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.94 and a quick ratio of 0.94. ServisFirst Bancshares, Inc. has a 1-year low of $47.16 and a 1-year high of $93.83.

ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its earnings results on Monday, January 23rd. The financial services provider reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. The firm had revenue of $177.24 million for the quarter, compared to the consensus estimate of $138.50 million. ServisFirst Bancshares had a net margin of 38.21% and a return on equity of 19.78%. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 3.84 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Monday, April 3rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Friday, March 31st. ServisFirst Bancshares’s dividend payout ratio is presently 24.30%.

Analyst Ratings Changes

A number of brokerages have issued reports on SFBS. Piper Sandler reduced their price objective on shares of ServisFirst Bancshares from $60.00 to $52.00 in a research report on Tuesday. Raymond James began coverage on shares of ServisFirst Bancshares in a research report on Thursday, April 6th. They set a “market perform” rating on the stock. Finally, StockNews.com began coverage on shares of ServisFirst Bancshares in a research report on Thursday, March 16th. They set a “sell” rating on the stock.

Insider Transactions at ServisFirst Bancshares

In other news, CEO Thomas A. Broughton acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were bought at an average cost of $49.95 per share, with a total value of $149,850.00. Following the transaction, the chief executive officer now owns 259,691 shares of the company’s stock, valued at approximately $12,971,565.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director James J. Filler acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average cost of $56.28 per share, with a total value of $140,700.00. Following the transaction, the director now owns 1,374,831 shares of the company’s stock, valued at approximately $77,375,488.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas A. Broughton acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were purchased at an average cost of $49.95 per share, for a total transaction of $149,850.00. Following the completion of the transaction, the chief executive officer now directly owns 259,691 shares in the company, valued at approximately $12,971,565.45. The disclosure for this purchase can be found here. Insiders own 8.22% of the company’s stock.

ServisFirst Bancshares Company Profile

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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.