ServisFirst Bancshares, Inc. (NYSE:SFBS) Receives $93.67 Average PT from Analysts

ServisFirst Bancshares, Inc. (NYSE:SFBS) has received an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $93.6667.

A number of research analysts have recently commented on SFBS shares. Weiss Ratings reissued a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Hovde Group lifted their price target on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Zacks Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler upgraded ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 target price for the company in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. HB Wealth Management LLC bought a new position in ServisFirst Bancshares during the third quarter worth $1,541,000. Deprince Race & Zollo Inc. increased its stake in ServisFirst Bancshares by 10.5% during the third quarter. Deprince Race & Zollo Inc. now owns 514,203 shares of the financial services provider’s stock valued at $41,409,000 after purchasing an additional 48,993 shares during the last quarter. Vest Financial LLC increased its stake in ServisFirst Bancshares by 127.8% during the third quarter. Vest Financial LLC now owns 33,439 shares of the financial services provider’s stock valued at $2,693,000 after purchasing an additional 18,760 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of ServisFirst Bancshares by 231.6% during the second quarter. First Trust Advisors LP now owns 326,702 shares of the financial services provider’s stock worth $25,323,000 after purchasing an additional 228,187 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $600,000. 67.31% of the stock is owned by institutional investors and hedge funds.

ServisFirst Bancshares Trading Down 4.3%

Shares of SFBS opened at $75.48 on Friday. The stock’s 50-day moving average is $80.77 and its two-hundred day moving average is $78.42. The stock has a market cap of $4.12 billion, a PE ratio of 14.92 and a beta of 0.91. ServisFirst Bancshares has a 12 month low of $66.48 and a 12 month high of $90.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

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

ServisFirst Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, January 2nd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, January 2nd. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.0%. ServisFirst Bancshares’s dividend payout ratio is 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.