ServisFirst Bancshares (NYSE:SFBS) Stock Rating Upgraded by Wall Street Zen

ServisFirst Bancshares (NYSE:SFBS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on the company. Raymond James Financial upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Hovde Group increased their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Piper Sandler upgraded ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a research report on Wednesday, January 21st. Finally, Zacks Research raised ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $93.67.

ServisFirst Bancshares Stock Performance

Shares of NYSE:SFBS opened at $75.48 on Friday. ServisFirst Bancshares has a 12-month low of $66.48 and a 12-month high of $90.64. The company’s 50 day moving average price is $80.77 and its two-hundred day moving average price is $78.42. The firm has a market cap of $4.12 billion, a PE ratio of 14.92 and a beta of 0.91. 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 released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $162.21 million during the quarter, compared to the consensus estimate of $151.82 million. ServisFirst Bancshares had a net margin of 26.95% and a return on equity of 16.36%. Equities research analysts predict that ServisFirst Bancshares will post 5.17 earnings per share for the current year.

Hedge Funds Weigh In On ServisFirst Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of ServisFirst Bancshares by 307,426.8% during the 4th quarter. NewEdge Advisors LLC now owns 919,505 shares of the financial services provider’s stock worth $66,011,000 after buying an additional 919,206 shares in the last quarter. Norges Bank acquired a new stake in ServisFirst Bancshares in the fourth quarter valued at about $47,908,000. Champlain Investment Partners LLC grew its position in ServisFirst Bancshares by 15.7% in the second quarter. Champlain Investment Partners LLC now owns 2,566,528 shares of the financial services provider’s stock valued at $198,932,000 after acquiring an additional 349,177 shares during the last quarter. First Trust Advisors LP grew its position in ServisFirst Bancshares by 231.6% in the second quarter. First Trust Advisors LP now owns 326,702 shares of the financial services provider’s stock valued at $25,323,000 after acquiring an additional 228,187 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ServisFirst Bancshares by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock worth $77,483,000 after acquiring an additional 199,772 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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.