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

ServisFirst Bancshares, Inc. (NYSE:SFBS) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $93.6667.

Several analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Hovde Group upped their target price on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Raymond James Financial upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price for the company in a research note on Wednesday, January 21st. Finally, Piper Sandler raised ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in shares of ServisFirst Bancshares by 214.1% during the third quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 212 shares during the last quarter. Salomon & Ludwin LLC grew its position in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after buying an additional 288 shares during the last quarter. State of Wyoming acquired a new position in ServisFirst Bancshares in the 2nd quarter valued at $29,000. Danske Bank A S acquired a new position in ServisFirst Bancshares in the 3rd quarter valued at $32,000. Finally, Fifth Third Bancorp raised its position in ServisFirst Bancshares by 105.1% during the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock worth $46,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Down 0.0%

NYSE:SFBS opened at $73.11 on Tuesday. The stock’s 50 day moving average price is $79.69 and its 200 day moving average price is $76.74. The company has a market capitalization of $3.99 billion, a PE ratio of 14.45 and a beta of 0.89. 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 has a 52-week low of $66.48 and a 52-week high of $90.64.

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

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 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.