Twinbeech Capital LP Invests $3.39 Million in ServisFirst Bancshares, Inc. (NYSE:SFBS)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in ServisFirst Bancshares by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,714,522 shares of the financial services provider's stock worth $484,249,000 after buying an additional 25,956 shares in the last quarter. Principal Financial Group Inc. boosted its position in ServisFirst Bancshares by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,053,473 shares of the financial services provider's stock worth $89,277,000 after purchasing an additional 15,916 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in ServisFirst Bancshares by 13.5% in the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock valued at $80,280,000 after purchasing an additional 112,521 shares during the period. Victory Capital Management Inc. grew its holdings in ServisFirst Bancshares by 106.4% in the fourth quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock valued at $72,684,000 after purchasing an additional 442,225 shares during the period. Finally, Northern Trust Corp increased its position in shares of ServisFirst Bancshares by 6.6% in the fourth quarter. Northern Trust Corp now owns 632,066 shares of the financial services provider's stock valued at $53,561,000 after buying an additional 38,916 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Price Performance

Shares of SFBS stock traded down $0.52 on Monday, reaching $72.96. 217,026 shares of the company were exchanged, compared to its average volume of 227,218. ServisFirst Bancshares, Inc. has a 1 year low of $58.51 and a 1 year high of $101.37. 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 business has a 50-day moving average price of $74.77 and a 200 day moving average price of $84.45. The company has a market cap of $3.98 billion, a price-to-earnings 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 (EPS) 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 firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities research analysts forecast that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were given 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 yield of 1.84%. ServisFirst Bancshares's payout ratio is presently 30.45%.

Wall Street Analyst Weigh In

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

About ServisFirst Bancshares

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.