Brokerages Set ServisFirst Bancshares, Inc. (NYSE:SFBS) PT at $94.33

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $94.3333.

SFBS has been the subject of several analyst reports. Zacks Research cut ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Hovde Group raised their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Wall Street Zen upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of ServisFirst Bancshares by 307,426.8% during the 4th quarter. NewEdge Advisors LLC now owns 919,505 shares of the financial services provider’s stock worth $66,011,000 after acquiring an additional 919,206 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of ServisFirst Bancshares in the 1st quarter valued at about $54,879,000. Norges Bank acquired a new position in ServisFirst Bancshares in the 4th quarter worth about $47,908,000. Arete Wealth Advisors LLC acquired a new position in ServisFirst Bancshares in the 1st quarter worth about $33,348,000. Finally, First Trust Advisors LP boosted its position in ServisFirst Bancshares by 61.6% during the third quarter. First Trust Advisors LP now owns 528,011 shares of the financial services provider’s stock worth $42,521,000 after purchasing an additional 201,309 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Up 1.0%

SFBS stock opened at $80.46 on Friday. The company has a market capitalization of $4.40 billion, a P/E ratio of 14.85 and a beta of 0.88. ServisFirst Bancshares has a 12 month low of $67.20 and a 12 month high of $90.64. The firm’s fifty day simple moving average is $78.33 and its 200-day simple moving average is $77.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. The firm had revenue of $158.99 million during the quarter, compared to analysts’ expectations of $162.07 million. As a group, equities research analysts forecast that ServisFirst Bancshares will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.52 dividend on an annualized basis and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio is 28.04%.

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.