ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,643 shares of the financial services provider's stock after selling 97,780 shares during the quarter. Millennium Management LLC owned approximately 0.13% of ServisFirst Bancshares worth $5,986,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of ServisFirst Bancshares in the fourth quarter valued at $30,000. R Squared Ltd bought a new position in ServisFirst Bancshares during the 4th quarter valued at approximately $69,000. Sterling Capital Management LLC raised its position in ServisFirst Bancshares by 761.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,051 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 worth $102,000 after acquiring an additional 747 shares during the period. Finally, KBC Group NV grew its stake in shares of ServisFirst Bancshares by 52.4% in the 4th 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 currently owned by institutional investors.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock traded down $0.46 during trading on Friday, reaching $74.42. 205,866 shares of the stock traded hands, compared to its average volume of 227,547. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 17.89 and a beta of 0.83. 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 $73.89 and a two-hundred day simple moving average of $83.84.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the prior year, the firm posted $0.94 EPS. 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 declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.80%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is 30.45%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price 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 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.