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

Twinbeech Capital LP acquired a new stake in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 reporting period.

Several other institutional investors have also modified their holdings of SFBS. Quarry LP bought a new position in shares of ServisFirst Bancshares during the 4th quarter valued at about $30,000. R Squared Ltd bought a new position in shares of ServisFirst Bancshares during the 4th quarter valued at about $69,000. Sterling Capital Management LLC lifted its holdings in shares of ServisFirst Bancshares by 761.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 747 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

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

ServisFirst Bancshares Trading Down 0.5%

NYSE SFBS opened at $76.22 on Wednesday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The stock’s 50 day moving average price is $75.35 and its two-hundred day moving average price is $84.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares, Inc. has a 52 week low of $58.51 and a 52 week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results 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 firm had revenue of $131.83 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.94 EPS. As a group, analysts anticipate 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. Shareholders of record on Tuesday, April 1st were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 30.45%.

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.