Millennium Management LLC Sells 97,780 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

Millennium Management LLC lessened its stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 58.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,643 shares of the financial services provider's stock after selling 97,780 shares during the period. Millennium Management LLC owned about 0.13% of ServisFirst Bancshares worth $5,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ServisFirst Bancshares by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,886 shares of the financial services provider's stock worth $2,448,000 after acquiring an additional 1,107 shares in the last quarter. Deutsche Bank AG raised its holdings in ServisFirst Bancshares by 48.6% during the fourth quarter. Deutsche Bank AG now owns 45,173 shares of the financial services provider's stock worth $3,828,000 after acquiring an additional 14,768 shares in the last quarter. Crestline Management LP bought a new stake in ServisFirst Bancshares during the fourth quarter worth about $356,000. Cubist Systematic Strategies LLC raised its holdings in ServisFirst Bancshares by 340.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 67,640 shares of the financial services provider's stock worth $5,732,000 after acquiring an additional 52,294 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in ServisFirst Bancshares during the fourth quarter worth about $299,000. Institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Stock Performance

NYSE SFBS traded down $0.46 during trading on Friday, reaching $74.42. 205,866 shares of the company's stock were exchanged, compared to its average volume of 227,911. The business has a 50 day moving average price of $73.89 and a 200-day moving average price of $83.68. The stock has a market capitalization of $4.06 billion, a P/E ratio of 17.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. 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 posted 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 net margin of 23.16% and a return on equity of 14.81%. The firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same period in the previous year, the company posted $0.94 EPS. Sell-side analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 30.45%.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price target 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 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.