Davis Asset Management L.P. Has $54.87 Million Stock Holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS)

Davis Asset Management L.P. cut its holdings in ServisFirst Bancshares, Inc. (NASDAQ:SFBS) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 823,562 shares of the financial services provider’s stock after selling 80,000 shares during the quarter. ServisFirst Bancshares comprises 2.2% of Davis Asset Management L.P.’s holdings, making the stock its 15th biggest position. Davis Asset Management L.P. owned approximately 1.51% of ServisFirst Bancshares worth $54,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SFBS. Precision Wealth Strategies LLC lifted its stake in ServisFirst Bancshares by 5.0% in the 3rd quarter. Precision Wealth Strategies LLC now owns 7,712 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 367 shares in the last quarter. New York State Common Retirement Fund lifted its stake in ServisFirst Bancshares by 1.9% in the 4th quarter. New York State Common Retirement Fund now owns 20,800 shares of the financial services provider’s stock valued at $1,386,000 after acquiring an additional 397 shares in the last quarter. Keel Point LLC raised its stake in shares of ServisFirst Bancshares by 1.1% during the 3rd quarter. Keel Point LLC now owns 39,665 shares of the financial services provider’s stock worth $2,069,000 after purchasing an additional 417 shares in the last quarter. Strs Ohio raised its stake in shares of ServisFirst Bancshares by 38.5% during the 4th quarter. Strs Ohio now owns 1,800 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 500 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of ServisFirst Bancshares by 0.4% during the 4th quarter. Truist Financial Corp now owns 149,934 shares of the financial services provider’s stock worth $9,990,000 after purchasing an additional 536 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

ServisFirst Bancshares Stock Performance

SFBS traded up $1.30 during trading hours on Thursday, reaching $61.60. The company’s stock had a trading volume of 154,248 shares, compared to its average volume of 185,561. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The company’s 50-day moving average is $62.53 and its 200-day moving average is $59.78. ServisFirst Bancshares, Inc. has a 52 week low of $39.27 and a 52 week high of $70.84. The firm has a market cap of $3.36 billion, a PE ratio of 15.48 and a beta of 0.91.

ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. The firm had revenue of $109.07 million for the quarter, compared to analyst estimates of $107.00 million. On average, equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, April 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 28th. ServisFirst Bancshares’s dividend payout ratio is 32.88%.

Analyst Ratings Changes

SFBS has been the topic of a number of analyst reports. Piper Sandler upped their price objective on ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

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.