ServisFirst Bancshares, Inc. (SFBS) Receives Consensus Rating of “Hold” from Brokerages
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $37.50.
Several brokerages have recently issued reports on SFBS. BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Stephens reissued a “hold” rating and set a $38.00 price target on shares of ServisFirst Bancshares in a report on Wednesday, July 19th.
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ServisFirst Bancshares (NASDAQ:SFBS) opened at 33.56 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of 20.34 and a beta of 1.38. The stock has a 50 day moving average of $36.00 and a 200 day moving average of $37.36. ServisFirst Bancshares has a one year low of $24.69 and a one year high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The company had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. On average, equities analysts forecast that ServisFirst Bancshares will post $1.80 earnings per share for the current year.
A number of large investors have recently bought and sold shares of SFBS. Great West Life Assurance Co. Can increased its stake in ServisFirst Bancshares by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 63,189 shares of the financial services provider’s stock valued at $2,297,000 after buying an additional 4,341 shares during the last quarter. Advisory Services Network LLC bought a new stake in ServisFirst Bancshares during the first quarter valued at $2,709,000. Wells Fargo & Company MN increased its stake in ServisFirst Bancshares by 2.5% in the first quarter. Wells Fargo & Company MN now owns 35,430 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 860 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in ServisFirst Bancshares during the first quarter valued at $291,000. Finally, Oakworth Capital Inc. increased its stake in ServisFirst Bancshares by 98.3% in the first quarter. Oakworth Capital Inc. now owns 23,230 shares of the financial services provider’s stock valued at $845,000 after buying an additional 11,515 shares during the last quarter. 43.45% of the stock is owned by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
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.
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