Cubist Systematic Strategies LLC Has $5.73 Million Stake in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Cubist Systematic Strategies LLC lifted its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 340.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,640 shares of the financial services provider's stock after acquiring an additional 52,294 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.12% of ServisFirst Bancshares worth $5,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new position in ServisFirst Bancshares during the fourth quarter worth $30,000. R Squared Ltd bought a new stake in ServisFirst Bancshares during the fourth quarter valued at about $69,000. Sterling Capital Management LLC boosted its holdings in ServisFirst Bancshares by 761.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 1,051 shares during the period. Smartleaf Asset Management LLC boosted its holdings in ServisFirst Bancshares by 169.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 747 shares during the period. Finally, KBC Group NV boosted its holdings in ServisFirst Bancshares by 52.4% during the fourth quarter. KBC Group NV now owns 2,326 shares of the financial services provider's stock valued at $197,000 after acquiring an additional 800 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on shares of 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 Stock Performance

Shares of NYSE SFBS traded down $0.32 during mid-day trading on Wednesday, hitting $78.03. The company had a trading volume of 52,989 shares, compared to its average volume of 232,736. ServisFirst Bancshares, Inc. has a 12 month low of $58.51 and a 12 month high of $101.37. The firm has a market cap of $4.26 billion, a P/E ratio of 18.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business's 50-day simple moving average is $76.02 and its 200-day simple moving average is $85.15.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The business had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, analysts predict that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio is 30.45%.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares in the company, valued at $1,546,224.48. This trade represents a 50.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company's stock.

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.