FPA Queens: “We Remain Confident in ServisFirst Bancshares (SFBS)’s Long-Term Prospects”

FPA Queens Road, an investment management firm, published its “FPA Queens Road Small Cap Value Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio outpaced the Russell 2000 Value TR USD Index in the quarter, delivering a -2.53% return against the index’s -2.98% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

FPA Queens Road Small Cap Value Fund, in its Q3 2021 investor letter, mentioned ServisFirst Bancshares, Inc. (NASDAQ: SFBS) and discussed its stance on the firm. ServisFirst Bancshares, Inc. is a Birmingham, Alabama-based bank holding company with a $4.3 billion market capitalization. SFBS delivered a 100.37% return since the beginning of the year, while its 12-month returns are up by 113.68%. The stock closed at $80.73 per share on November 26, 2021.

Here is what FPA Queens Road Small Cap Value Fund  has to say about ServisFirst Bancshares, Inc.  in its Q3 2021 investor letter:

“ServisFirst Bancshares, a full-service commercial bank, announced during the quarter that both deposits and book value grew 17% from the previous year. The growth in book value is in line with its long-term average. One of the largest holdings in our portfolio, we remain confident in the company’s long-term prospects.”

Based on our calculations, ServisFirst Bancshares, Inc. (NASDAQ: SFBS) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. SFBS was in 8 hedge fund portfolios at the end of the third quarter of 2021, compared to 10 funds in the previous quarter. ServisFirst Bancshares, Inc. (NASDAQ: SFBS) delivered an 11.26% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.