Analysts Set ServisFirst Bancshares, Inc. (NYSE:SFBS) PT at $91.00

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have received a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $91.00.

A number of equities analysts have recently commented on SFBS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, December 29th. Hovde Group raised shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research note on Friday, December 19th. Piper Sandler raised shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 target price on the stock in a research note on Wednesday, January 21st. Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd.

Institutional Trading of ServisFirst Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in ServisFirst Bancshares during the 4th quarter valued at $115,000. Inceptionr LLC raised its holdings in shares of ServisFirst Bancshares by 49.1% in the fourth quarter. Inceptionr LLC now owns 8,471 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 2,790 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in ServisFirst Bancshares by 4.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,156 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 359 shares during the period. Deutsche Bank AG grew its holdings in ServisFirst Bancshares by 4.0% during the 4th quarter. Deutsche Bank AG now owns 42,862 shares of the financial services provider’s stock worth $3,077,000 after acquiring an additional 1,634 shares in the last quarter. Finally, LPL Financial LLC increased its position in ServisFirst Bancshares by 104.5% during the 4th quarter. LPL Financial LLC now owns 41,846 shares of the financial services provider’s stock valued at $3,004,000 after purchasing an additional 21,380 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.8%

Shares of SFBS stock opened at $85.76 on Monday. The company’s fifty day simple moving average is $77.47 and its two-hundred day simple moving average is $78.01. ServisFirst Bancshares has a 52 week low of $66.48 and a 52 week high of $93.43. The stock has a market cap of $4.68 billion, a P/E ratio of 16.95 and a beta of 0.94. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%.The company had revenue of $162.21 million for the quarter, compared to the consensus estimate of $151.82 million. Analysts predict that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd were issued a $0.38 dividend. The ex-dividend date was Friday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of 1.8%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 30.04%.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.