ServisFirst Bancshares (NASDAQ:SFBS) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) to a sell rating in a research report report published on Monday.

A number of other equities analysts also recently issued reports on SFBS. TheStreet upgraded ServisFirst Bancshares from a c+ rating to a b- rating in a research note on Wednesday, August 9th. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $46.00 to $49.00 in a report on Friday, July 21st.

ServisFirst Bancshares Stock Down 0.7 %

Shares of ServisFirst Bancshares stock opened at $52.17 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $53.57 and its two-hundred day simple moving average is $51.68. The company has a market cap of $2.84 billion, a P/E ratio of 11.72 and a beta of 0.91. ServisFirst Bancshares has a 12-month low of $39.27 and a 12-month high of $89.07.

ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $109.83 million for the quarter, compared to the consensus estimate of $105.50 million. ServisFirst Bancshares had a net margin of 33.71% and a return on equity of 18.55%. Research analysts anticipate that ServisFirst Bancshares will post 3.9 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Monday, July 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.15%. ServisFirst Bancshares’s dividend payout ratio is currently 25.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new stake in ServisFirst Bancshares in the first quarter worth about $39,000. Spire Wealth Management lifted its stake in ServisFirst Bancshares by 42.3% in the first quarter. Spire Wealth Management now owns 1,191 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 354 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in ServisFirst Bancshares by 135.8% in the second quarter. Quadrant Capital Group LLC now owns 1,625 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 936 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in ServisFirst Bancshares by 223.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,377 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 951 shares during the last quarter. Finally, Covestor Ltd lifted its stake in ServisFirst Bancshares by 27.5% in the second quarter. Covestor Ltd now owns 2,982 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

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.