Alliance Wealth Advisors LLC UT Has $532,000 Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Alliance Wealth Advisors LLC UT decreased its position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,277 shares of the financial services provider’s stock after selling 248 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in ServisFirst Bancshares were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Precision Wealth Strategies LLC increased its holdings in ServisFirst Bancshares by 1.8% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 133 shares in the last quarter. R Squared Ltd acquired a new stake in shares of ServisFirst Bancshares in the fourth quarter valued at $69,000. Stonegate Investment Group LLC increased its stake in shares of ServisFirst Bancshares by 13.5% in the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock valued at $80,280,000 after buying an additional 112,521 shares in the last quarter. KBC Group NV lifted its position in ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after buying an additional 800 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC grew its holdings in ServisFirst Bancshares by 13.7% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,141 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFBS. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Hovde Group upped their price objective on ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

ServisFirst Bancshares Stock Up 3.1 %

Shares of NYSE SFBS opened at $91.05 on Wednesday. ServisFirst Bancshares, Inc. has a 1 year low of $58.05 and a 1 year high of $101.37. The firm’s 50-day moving average is $89.28 and its 200-day moving average is $84.83. 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 $4.97 billion, a PE ratio of 21.89 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the firm posted $0.91 earnings per share. Equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s dividend payout ratio is currently 32.21%.

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.