Zacks Investment Research Downgrades ServisFirst Bancshares (NASDAQ:SFBS) to Hold

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

Other analysts have also recently issued reports about the company. DA Davidson cut their price objective on ServisFirst Bancshares from $97.00 to $94.00 in a research report on Tuesday, April 19th. StockNews.com initiated coverage on ServisFirst Bancshares in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.67.

ServisFirst Bancshares stock opened at $81.93 on Friday. The stock’s 50 day simple moving average is $87.98 and its two-hundred day simple moving average is $85.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.96 and a current ratio of 0.94. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 20.85 and a beta of 0.99. ServisFirst Bancshares has a fifty-two week low of $62.78 and a fifty-two week high of $97.25.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last posted its quarterly earnings data on Monday, April 18th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. ServisFirst Bancshares had a return on equity of 18.82% and a net margin of 46.29%. During the same quarter in the previous year, the business posted $0.95 EPS. On average, analysts predict that ServisFirst Bancshares will post 4.51 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Republic Investment Management Inc. raised its holdings in ServisFirst Bancshares by 2.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,860 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 200 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in ServisFirst Bancshares by 281.8% in the 3rd quarter. Balyasny Asset Management LLC now owns 26,091 shares of the financial services provider’s stock worth $2,030,000 after acquiring an additional 19,257 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in ServisFirst Bancshares by 61.2% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 51,488 shares of the financial services provider’s stock valued at $4,006,000 after buying an additional 19,550 shares during the last quarter. Bank of New York Mellon Corp raised its stake in ServisFirst Bancshares by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 621,049 shares of the financial services provider’s stock valued at $48,318,000 after buying an additional 36,077 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. raised its stake in ServisFirst Bancshares by 17.7% during the 3rd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 32,890 shares of the financial services provider’s stock valued at $2,559,000 after buying an additional 4,940 shares during the last quarter. Institutional investors own 61.47% of the company’s stock.

ServisFirst Bancshares Company Profile (Get Rating)

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, such as 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.

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