ServisFirst Bancshares (NYSE:SFBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

ServisFirst Bancshares (NYSE:SFBS) had its price objective raised by investment analysts at Piper Sandler from $91.00 to $94.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 8.61% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $95.33.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $86.55 on Tuesday. The company has a market capitalization of $4.73 billion, a PE ratio of 14.74 and a beta of 0.86. The company has a 50-day simple moving average of $81.93 and a two-hundred day simple moving average of $79.87. ServisFirst Bancshares has a one year low of $67.20 and a one year high of $90.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98.

ServisFirst Bancshares shares are going to split on the morning of Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly created shares will be issued to shareholders after the market closes on Thursday, August 20th.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, July 20th. The financial services provider reported $1.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.57. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. The business had revenue of $168.53 million for the quarter, compared to analysts’ expectations of $167.85 million. Research analysts expect that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

Institutional Trading of ServisFirst Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of ServisFirst Bancshares by 307,426.8% in the fourth quarter. NewEdge Advisors LLC now owns 919,505 shares of the financial services provider’s stock valued at $66,011,000 after purchasing an additional 919,206 shares during the period. Copeland Capital Management LLC purchased a new stake in ServisFirst Bancshares in the first quarter valued at approximately $54,879,000. Norges Bank purchased a new stake in ServisFirst Bancshares in the fourth quarter valued at approximately $47,908,000. Arete Wealth Advisors LLC acquired a new position in ServisFirst Bancshares in the 1st quarter worth approximately $33,348,000. Finally, Vanguard Group Inc. increased its holdings in ServisFirst Bancshares by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock worth $436,623,000 after buying an additional 196,248 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

About ServisFirst Bancshares

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.