Quadrature Capital Ltd Makes New Investment in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Quadrature Capital Ltd bought a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,186 shares of the financial services provider’s stock, valued at approximately $337,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in ServisFirst Bancshares in the 3rd quarter valued at about $32,000. Quest Partners LLC increased its position in shares of ServisFirst Bancshares by 4,880.0% during the second quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 976 shares during the period. GAMMA Investing LLC raised its stake in shares of ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 535 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $84,000. Finally, LMR Partners LLP bought a new position in ServisFirst Bancshares in the third quarter worth approximately $203,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Down 0.7 %

Shares of NYSE SFBS opened at $94.46 on Tuesday. ServisFirst Bancshares, Inc. has a 12-month low of $55.83 and a 12-month high of $101.37. The stock’s fifty day simple moving average is $88.84 and its two-hundred day simple moving average is $77.66. The stock has a market capitalization of $5.15 billion, a PE ratio of 25.26 and a beta of 0.88. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The company had revenue of $256.53 million for the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same quarter last year, the company earned $0.98 earnings per share. As a group, analysts expect that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.27%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.09%.

Insider Activity at ServisFirst Bancshares

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the transaction, the senior vice president now directly owns 8,501 shares of the company’s stock, valued at $724,285.20. This represents a 10.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SFBS has been the subject of a number of research analyst reports. StockNews.com lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, November 24th. Piper Sandler lifted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Hovde Group increased their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

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.