ServisFirst Bancshares Stake Lifted by US Bancorp DE

ServisFirst Bancshares, Inc. (NYSE:SFBS) has been making waves in the financial world as US Bancorp DE recently increased its stake in the company by 0.9% during the first quarter. This move comes as several other hedge funds have also been modifying their holdings of SFBS, with Norges Bank, Norden Group LLC, Mutual of America Capital Management LLC, American Century Companies Inc., and Vanguard Group Inc. all making significant investments in the company.

The trading of ServisFirst Bancshares has seen a 0.1% increase, with shares opening at $77.47 on Friday. The company has a market capitalization of $4.22 billion and a P/E ratio of 21.22. Analysts are optimistic about the company’s performance, with expectations that it will post 3.82 EPS for the current fiscal year.

In addition to its trading performance, ServisFirst Bancshares also announced a quarterly dividend, with investors receiving a $0.30 dividend on July 9th. The company’s dividend payout ratio is currently 32.88%, offering investors a yield of 1.55%.

Analysts have been closely monitoring SFBS, with recent reports from Hovde Group and Piper Sandler raising their target prices and price objectives for the stock. The company’s strong financial performance, including a return on equity of 14.19% and a net margin of 21.25%, has garnered positive attention from investors.

ServisFirst Bancshares operates as the bank holding company for ServisFirst Bank, providing various banking services to individual and corporate customers. With a focus on commercial lending products, real estate loans, and consumer loans, the company has established itself as a key player in the financial services industry.

Overall, ServisFirst Bancshares continues to attract attention from investors and analysts alike, with its strong financial performance and strategic investments positioning it for future growth and success in the market.