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

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

Several brokerages have issued reports on SFBS. Piper Sandler raised shares of 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. 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 note on Saturday, March 7th. Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a research report on Wednesday, January 21st. Finally, Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS opened at $73.11 on Tuesday. ServisFirst Bancshares has a 1-year low of $66.48 and a 1-year high of $90.64. The firm has a market capitalization of $3.99 billion, a PE ratio of 14.45 and a beta of 0.89. The business’s 50 day moving average is $79.51 and its 200-day moving average is $76.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The business had revenue of $162.21 million during 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%. Sell-side analysts predict that ServisFirst Bancshares will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Wednesday, April 1st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 30.04%.

Institutional Trading of ServisFirst Bancshares

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of ServisFirst Bancshares by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock worth $436,623,000 after acquiring an additional 196,248 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in ServisFirst Bancshares by 5.1% in the third quarter. Champlain Investment Partners LLC now owns 2,696,260 shares of the financial services provider’s stock valued at $217,130,000 after buying an additional 129,732 shares during the period. State Street Corp boosted its stake in ServisFirst Bancshares by 3.5% in the fourth quarter. State Street Corp now owns 2,463,986 shares of the financial services provider’s stock valued at $176,890,000 after acquiring an additional 82,912 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in ServisFirst Bancshares by 12.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,079,628 shares of the financial services provider’s stock valued at $77,506,000 after acquiring an additional 117,464 shares during the last quarter. Finally, Welch Group LLC grew its holdings in ServisFirst Bancshares by 2.0% during the 4th quarter. Welch Group LLC now owns 1,003,503 shares of the financial services provider’s stock worth $72,041,000 after acquiring an additional 19,727 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

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.