ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Bought by Cubist Systematic Strategies LLC

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

A number of other large investors have also made changes to their positions in SFBS. Barclays PLC grew its stake in shares of ServisFirst Bancshares by 150.6% during the 3rd quarter. Barclays PLC now owns 100,688 shares of the financial services provider's stock worth $8,101,000 after purchasing an additional 60,517 shares during the period. Franklin Resources Inc. increased its stake in ServisFirst Bancshares by 17.8% during the third quarter. Franklin Resources Inc. now owns 13,775 shares of the financial services provider's stock worth $1,150,000 after acquiring an additional 2,080 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of ServisFirst Bancshares by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock worth $83,466,000 after purchasing an additional 108,088 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in ServisFirst Bancshares during the fourth quarter worth about $738,000. Finally, Smith Thornton Advisors LLC raised its stake in shares of ServisFirst Bancshares by 16.5% in the fourth quarter. Smith Thornton Advisors LLC now owns 21,175 shares of the financial services provider's stock valued at $1,794,000 after acquiring an additional 2,994 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock traded up $4.14 during trading hours on Monday, reaching $78.70. 264,015 shares of the stock were exchanged, compared to its average volume of 225,777. 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's 50 day moving average is $76.20 and its 200 day moving average is $85.18. The stock has a market cap of $4.30 billion, a P/E ratio of 18.92 and a beta of 0.83. ServisFirst Bancshares, Inc. has a 52-week low of $58.51 and a 52-week high of $101.37.

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

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, April 1st. ServisFirst Bancshares's payout ratio is currently 30.45%.

Insiders Place Their Bets

In other news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares of the company's stock, valued at $1,546,224.48. The trade was a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.70% of the stock is owned by company insiders.

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.