BNP Paribas Financial Markets Has $777,000 Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

BNP Paribas Financial Markets lowered its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 43.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,168 shares of the financial services provider's stock after selling 6,913 shares during the period. BNP Paribas Financial Markets' holdings in ServisFirst Bancshares were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in shares of ServisFirst Bancshares by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,035 shares of the financial services provider's stock worth $1,274,000 after buying an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of ServisFirst Bancshares by 3.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock worth $288,000 after purchasing an additional 126 shares during the last quarter. Precision Wealth Strategies LLC lifted its position in shares of ServisFirst Bancshares by 1.8% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider's stock worth $622,000 after purchasing an additional 133 shares during the last quarter. Bank of Montreal Can lifted its position in shares of ServisFirst Bancshares by 0.7% during the 4th quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after purchasing an additional 138 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in ServisFirst Bancshares by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock valued at $4,522,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Stock Performance

Shares of NYSE:SFBS traded down $0.52 on Friday, hitting $72.96. 217,026 shares of the company were exchanged, compared to its average volume of 227,218. The company's 50 day moving average price is $74.77 and its two-hundred day moving average price is $84.45. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.54 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, Inc. has a one year low of $58.51 and a one year high of $101.37.

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 for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The firm had revenue of $131.83 million for the quarter, compared to analyst estimates 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 last year, the business earned $0.94 earnings per share. Research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were given a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.84%. ServisFirst Bancshares's dividend payout ratio is currently 30.45%.

Analysts Set New Price Targets

Separately, Piper Sandler cut their price target on 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 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.