Centiva Capital LP Invests $299,000 in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Centiva Capital LP acquired a new stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,530 shares of the financial services provider's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SFBS. Smartleaf Asset Management LLC increased its holdings in ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 747 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ServisFirst Bancshares by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock worth $44,155,000 after buying an additional 29,247 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ServisFirst Bancshares by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock worth $39,354,000 after buying an additional 36,711 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of ServisFirst Bancshares during the fourth quarter worth about $1,858,000. Finally, Keybank National Association OH purchased a new stake in shares of ServisFirst Bancshares during the fourth quarter worth about $428,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price target on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Down 1.0%

ServisFirst Bancshares stock traded down $0.77 during trading on Friday, reaching $77.19. The company had a trading volume of 185,565 shares, compared to its average volume of 226,530. ServisFirst Bancshares, Inc. has a 12-month low of $58.51 and a 12-month high of $101.37. The stock's 50 day moving average price is $75.54 and its two-hundred day moving average price is $84.96. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83. 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 - Get Free Report) last released its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.74%. ServisFirst Bancshares's payout ratio is 30.45%.

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.