ServisFirst Bancshares, Inc. (SFBS) Receives Average Rating of “Hold” from Brokerages
Shares of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $37.50.
Several research analysts recently weighed in on SFBS shares. Hovde Group raised ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price target on the stock in a research report on Tuesday, April 18th. Stephens reaffirmed a “hold” rating and issued a $38.00 target price on shares of ServisFirst Bancshares in a research report on Wednesday, July 19th. Zacks Investment Research lowered ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, BidaskClub lowered ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th.
In other news, EVP W Bibb Lamar, Jr. sold 28,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $38.78, for a total transaction of $1,085,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have bought 619 shares of company stock valued at $22,411. 14.04% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in SFBS. BlackRock Inc. increased its stake in shares of ServisFirst Bancshares by 146,046.5% in the first quarter. BlackRock Inc. now owns 5,451,265 shares of the financial services provider’s stock valued at $198,318,000 after buying an additional 5,447,535 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of ServisFirst Bancshares by 35.1% in the first quarter. Vanguard Group Inc. now owns 3,975,898 shares of the financial services provider’s stock worth $144,643,000 after buying an additional 1,033,129 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ServisFirst Bancshares by 116.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,599 shares of the financial services provider’s stock worth $29,974,000 after buying an additional 430,837 shares in the last quarter. State Street Corp increased its stake in shares of ServisFirst Bancshares by 22.7% in the first quarter. State Street Corp now owns 1,430,993 shares of the financial services provider’s stock worth $52,056,000 after buying an additional 264,493 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of ServisFirst Bancshares by 40.6% in the first quarter. Bank of New York Mellon Corp now owns 726,004 shares of the financial services provider’s stock worth $26,412,000 after buying an additional 209,826 shares in the last quarter. Hedge funds and other institutional investors own 43.45% of the company’s stock.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) opened at 36.69 on Tuesday. The firm has a 50-day moving average price of $36.72 and a 200 day moving average price of $37.68. ServisFirst Bancshares has a 12-month low of $24.51 and a 12-month high of $42.66. The stock has a market cap of $1.94 billion, a PE ratio of 22.24 and a beta of 1.41.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $60.37 million for the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a return on equity of 16.67% and a net margin of 35.15%. Equities research analysts predict that ServisFirst Bancshares will post $1.80 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 12.05%.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
Receive News & Ratings for ServisFirst Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.