Brokerages Set ServisFirst Bancshares, Inc. (NYSE:SFBS) Target Price at $86.67

ServisFirst Bancshares, Inc. (NYSE:SFBS) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $86.6667.

SFBS has been the subject of a number of analyst reports. Zacks Research cut ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Hovde Group reduced their target price on shares of ServisFirst Bancshares from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, November 24th. Raymond James Financial upgraded shares of ServisFirst Bancshares from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Tuesday, October 7th. Finally, Piper Sandler decreased their price objective on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st.

Institutional Investors Weigh In On ServisFirst Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in ServisFirst Bancshares by 3.3% in the first quarter. Vanguard Group Inc. now owns 5,902,237 shares of the financial services provider’s stock valued at $487,525,000 after acquiring an additional 187,715 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in ServisFirst Bancshares by 5.1% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,696,260 shares of the financial services provider’s stock worth $217,130,000 after acquiring an additional 129,732 shares in the last quarter. Welch Group LLC grew its holdings in ServisFirst Bancshares by 1.0% during the 3rd quarter. Welch Group LLC now owns 983,776 shares of the financial services provider’s stock worth $79,223,000 after acquiring an additional 9,618 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ServisFirst Bancshares by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock worth $77,483,000 after purchasing an additional 199,772 shares during the last quarter. Finally, Wasatch Advisors LP raised its stake in shares of ServisFirst Bancshares by 31.6% in the 3rd quarter. Wasatch Advisors LP now owns 667,781 shares of the financial services provider’s stock valued at $53,776,000 after purchasing an additional 160,465 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Down 0.2%

Shares of NYSE SFBS opened at $71.13 on Wednesday. The stock has a fifty day moving average price of $74.63 and a 200 day moving average price of $78.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares has a 12-month low of $66.48 and a 12-month high of $98.50. The company has a market cap of $3.89 billion, a P/E ratio of 15.23 and a beta of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share for the quarter. The company had revenue of $104.27 million during the quarter. ServisFirst Bancshares had a return on equity of 15.67% and a net margin of 25.24%. Research analysts anticipate that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were issued a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio is currently 28.69%.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.