40,015 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Bought by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,015 shares of the financial services provider's stock, valued at approximately $3,391,000. Twinbeech Capital LP owned approximately 0.07% of ServisFirst Bancshares at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SFBS. Norges Bank acquired a new position in ServisFirst Bancshares during the fourth quarter worth about $47,456,000. Victory Capital Management Inc. grew its holdings in shares of ServisFirst Bancshares by 106.4% during the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock worth $72,684,000 after purchasing an additional 442,225 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ServisFirst Bancshares during the fourth quarter worth about $19,639,000. Stonegate Investment Group LLC grew its holdings in shares of ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after purchasing an additional 112,521 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of ServisFirst Bancshares during the fourth quarter worth about $5,859,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.

ServisFirst Bancshares Trading Down 0.7%

SFBS stock traded down $0.52 during trading on Friday, hitting $72.96. The company had a trading volume of 217,026 shares, compared to its average volume of 226,837. The business has a 50-day moving average of $74.77 and a 200-day moving average of $84.60. ServisFirst Bancshares, Inc. has a one year low of $58.51 and a one year high of $101.37. 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 market cap of $3.98 billion, a PE ratio of 17.54 and a beta of 0.83.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $131.83 million during the quarter, compared to the consensus estimate 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 posted $0.94 earnings per share. Research analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

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

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.