Luken Investment Analytics LLC Grows Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Luken Investment Analytics LLC boosted its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 12.1% during the 2nd quarter, Holdings Channel reports. The fund owned 10,792 shares of the financial services provider’s stock after buying an additional 1,166 shares during the period. Luken Investment Analytics LLC’s holdings in ServisFirst Bancshares were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC purchased a new stake in ServisFirst Bancshares during the second quarter valued at approximately $4,453,000. Texas Permanent School Fund Corp increased its position in shares of ServisFirst Bancshares by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 43,131 shares of the financial services provider’s stock worth $2,725,000 after purchasing an additional 254 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of ServisFirst Bancshares by 4,880.0% during the 2nd quarter. Quest Partners LLC now owns 996 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 976 shares during the last quarter. Savant Capital LLC boosted its position in shares of ServisFirst Bancshares by 286.8% in the 2nd quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider’s stock worth $4,048,000 after purchasing an additional 47,502 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in ServisFirst Bancshares by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 14,495 shares of the financial services provider’s stock worth $916,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Up 1.8 %

ServisFirst Bancshares stock opened at $76.33 on Friday. ServisFirst Bancshares, Inc. has a fifty-two week low of $45.21 and a fifty-two week high of $83.61. The company has a market cap of $4.16 billion, a PE ratio of 20.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $75.51 and its two-hundred day simple moving average is $66.89.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $114.77 million for the quarter, compared to the consensus estimate of $114.80 million. ServisFirst Bancshares had a net margin of 21.25% and a return on equity of 14.19%. Equities analysts anticipate that ServisFirst Bancshares, Inc. will post 3.82 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, July 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 32.88%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SFBS. Hovde Group increased their price target on ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th. Piper Sandler upped their price objective on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th.

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.