Arlington Trust Co LLC Sells 39,600 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Arlington Trust Co LLC decreased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 92.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,350 shares of the financial services provider’s stock after selling 39,600 shares during the quarter. Arlington Trust Co LLC’s holdings in ServisFirst Bancshares were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norden Group LLC lifted its holdings in shares of ServisFirst Bancshares by 44.2% in the 1st quarter. Norden Group LLC now owns 13,914 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 4,264 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of ServisFirst Bancshares by 35.7% during the first quarter. BNP Paribas Financial Markets now owns 26,492 shares of the financial services provider’s stock worth $1,758,000 after acquiring an additional 6,964 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in ServisFirst Bancshares in the 1st quarter valued at about $271,000. Capstone Investment Advisors LLC acquired a new position in ServisFirst Bancshares during the 1st quarter valued at about $297,000. Finally, Mutual of America Capital Management LLC raised its stake in shares of ServisFirst Bancshares by 213.9% in the first quarter. Mutual of America Capital Management LLC now owns 110,164 shares of the financial services provider’s stock worth $7,310,000 after purchasing an additional 75,069 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity at ServisFirst Bancshares

In other news, 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 transaction, the chief operating officer now owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Rodney Eldon Rushing sold 12,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the senior vice president now owns 8,501 shares in the company, valued at approximately $724,285.20. The trade was 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SFBS shares. Hovde Group increased their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Piper Sandler increased their target price on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock traded up $1.17 during mid-day trading on Friday, hitting $84.31. 207,092 shares of the company traded hands, compared to its average volume of 189,286. ServisFirst Bancshares, Inc. has a one year low of $46.06 and a one year high of $88.86. The stock has a fifty day moving average price of $81.08 and a 200-day moving average price of $71.66. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 22.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. The firm 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 earned $0.98 EPS. On average, equities analysts predict that ServisFirst Bancshares, Inc. will post 4.09 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. ServisFirst Bancshares’s dividend payout ratio is currently 32.09%.

About ServisFirst Bancshares

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.