Two Sigma Investments LP Has $260,000 Stock Position in ServisFirst Bancshares, Inc. (NYSE:SFBS)

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

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of ServisFirst Bancshares by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock valued at $89,277,000 after acquiring an additional 15,916 shares during the period. Handelsbanken Fonder AB boosted its stake in ServisFirst Bancshares by 10.5% in the 4th quarter. Handelsbanken Fonder AB now owns 11,623 shares of the financial services provider's stock valued at $985,000 after buying an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ServisFirst Bancshares by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock valued at $39,354,000 after acquiring an additional 36,711 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of ServisFirst Bancshares by 27.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,267 shares of the financial services provider's stock worth $1,378,000 after buying an additional 3,536 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in ServisFirst Bancshares in the fourth quarter worth $1,858,000. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Trading Down 2.6%

NYSE:SFBS traded down $1.91 during mid-day trading on Friday, hitting $72.38. The company had a trading volume of 238,370 shares, compared to its average volume of 228,202. ServisFirst Bancshares, Inc. has a fifty-two week low of $58.51 and a fifty-two week high of $101.37. The business's fifty day moving average is $73.22 and its two-hundred day moving average is $82.30. 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 firm has a market cap of $3.95 billion, a P/E ratio of 17.40 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted 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). The firm had revenue of $131.83 million during 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 quarter last year, the business posted $0.94 earnings per share. As a group, research analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a dividend of $0.335 per share. 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 1.85%. ServisFirst Bancshares's payout ratio is 30.45%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their target price 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 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.