Crestline Management LP Takes $356,000 Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Crestline Management LP acquired a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,200 shares of the financial services provider's stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFBS. Norges Bank bought a new stake in ServisFirst Bancshares during the 4th quarter worth approximately $47,456,000. Victory Capital Management Inc. raised its position in shares of ServisFirst Bancshares by 106.4% during the 4th quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock valued at $72,684,000 after purchasing an additional 442,225 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ServisFirst Bancshares during the 4th quarter valued at $19,639,000. Stonegate Investment Group LLC boosted its holdings in ServisFirst Bancshares by 13.5% in the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after buying an additional 112,521 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in ServisFirst Bancshares by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock worth $83,466,000 after buying an additional 108,088 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock traded up $0.21 during trading on Thursday, reaching $77.93. 103,148 shares of the stock traded hands, compared to its average volume of 225,324. ServisFirst Bancshares, Inc. has a 52-week low of $58.51 and a 52-week high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day simple moving average of $75.71 and a two-hundred day simple moving average of $85.05. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 18.73 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The business had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the business earned $0.94 earnings per share. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is currently 30.45%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price objective on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

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.