GSA Capital Partners LLP Sells 2,654 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

GSA Capital Partners LLP reduced its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,902 shares of the financial services provider’s stock after selling 2,654 shares during the quarter. GSA Capital Partners LLP’s holdings in ServisFirst Bancshares were worth $1,842,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Cottonwood Capital Advisors LLC bought a new position in ServisFirst Bancshares in the 3rd quarter worth about $222,000. Los Angeles Capital Management LLC increased its stake in ServisFirst Bancshares by 61.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 12,731 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 4,850 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in ServisFirst Bancshares by 12.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,717 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 413 shares during the last quarter. Principal Financial Group Inc. increased its stake in ServisFirst Bancshares by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock worth $83,466,000 after acquiring an additional 108,088 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in ServisFirst Bancshares in the 3rd quarter worth about $10,507,000. 67.31% of the stock is currently owned by institutional investors.

Insider Activity at ServisFirst Bancshares

In related news, COO Rodney Eldon Rushing sold 12,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other ServisFirst Bancshares news, SVP Henry Fulbrook Abbott sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now owns 8,501 shares in the company, valued at approximately $724,285.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Rodney Eldon Rushing sold 12,000 shares of the stock in a transaction that occurred on 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 owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock opened at $96.61 on Wednesday. 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 firm has a market capitalization of $5.27 billion, a PE ratio of 25.83 and a beta of 0.86. The business’s 50-day moving average price is $82.87 and its 200-day moving average price is $73.41. ServisFirst Bancshares, Inc. has a 12 month low of $46.06 and a 12 month high of $100.14.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. The company had revenue of $256.53 million during the quarter, compared to analysts’ expectations of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period in the prior year, the business posted $0.98 EPS. Sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is presently 32.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SFBS shares. Hovde Group upped their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Piper Sandler increased their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday.

ServisFirst Bancshares 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.