Two Sigma Investments LP Trims Stock Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Two Sigma Investments LP reduced its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,064 shares of the financial services provider's stock after selling 4,890 shares during the quarter. Two Sigma Investments LP's holdings in ServisFirst Bancshares were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System increased its stake in 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 valued at $1,274,000 after purchasing an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in ServisFirst Bancshares by 3.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock worth $288,000 after acquiring an additional 126 shares during the last quarter. Bank of Montreal Can increased its stake in ServisFirst Bancshares by 0.7% during the fourth quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after acquiring an additional 138 shares during the last quarter. HighTower Advisors LLC increased its stake in ServisFirst Bancshares by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 53,367 shares of the financial services provider's stock worth $4,522,000 after acquiring an additional 177 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in ServisFirst Bancshares by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,308 shares of the financial services provider's stock worth $450,000 after acquiring an additional 220 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Trading Down 2.6%

NYSE:SFBS traded down $1.91 on Friday, hitting $72.38. 238,370 shares of the stock were exchanged, compared to its average volume of 227,850. The stock has a market cap of $3.95 billion, a PE ratio of 17.40 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $73.22 and a 200-day moving average of $82.40. 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 issued its 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). ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The company had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. During the same period in the previous year, the company earned $0.94 EPS. 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. 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 1.85%. The ex-dividend date of this dividend was Tuesday, April 1st. 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.