Centiva Capital LP Takes Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Centiva Capital LP purchased a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,530 shares of the financial services provider's stock, valued at approximately $299,000.

A number of other hedge funds have also modified their holdings of SFBS. Quarry LP bought a new position in shares of ServisFirst Bancshares during the 4th quarter valued at $30,000. R Squared Ltd bought a new position in ServisFirst Bancshares during the fourth quarter valued at about $69,000. Sterling Capital Management LLC raised its holdings in ServisFirst Bancshares by 761.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after buying an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of ServisFirst Bancshares by 169.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock worth $102,000 after buying an additional 747 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of ServisFirst Bancshares by 52.4% in the fourth 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 during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock traded down $0.77 on Friday, reaching $77.19. The stock had a trading volume of 185,565 shares, compared to its average volume of 225,501. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The business's 50-day moving average price is $75.62 and its two-hundred day moving average price is $85.00. The stock has a market cap of $4.22 billion, a P/E ratio of 18.56 and a beta of 0.83. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.51 and a fifty-two week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same quarter last year, the business earned $0.94 EPS. On average, sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were paid 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 dividend yield of 1.74%. ServisFirst Bancshares's payout ratio is presently 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.