ServisFirst Bancshares, Inc. (NYSE:SFBS) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts maintain a “Buy” consensus on ServisFirst Bancshares, with three buy ratings, one strong-buy rating and one hold rating. The average 12-month price target is $47.67, above the reported $43.20 share price.
• Institutional investors and hedge funds own 67.31% of the company, while several institutions recently initiated positions. Piper Sandler also raised its price target to $47 and assigned an overweight rating.
• ServisFirst matched quarterly EPS expectations at $0.78 and slightly exceeded revenue estimates with $168.53 million. The company pays a quarterly dividend of $0.19 per share, equivalent to a 1.8% yield.

ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) has been assigned a consensus rating of "Buy" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $47.6667.

A number of brokerages have issued reports on SFBS. Weiss Ratings upgraded shares of ServisFirst Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of ServisFirst Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Finally, Piper Sandler lifted their price objective on shares of ServisFirst Bancshares from $45.50 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ServisFirst Bancshares in the second quarter valued at about $31,000. Ameritas Advisory Services LLC acquired a new position in shares of ServisFirst Bancshares in the second quarter valued at approximately $32,000. State of Wyoming acquired a new position in shares of ServisFirst Bancshares in the second quarter valued at approximately $29,000. Public Employees Retirement System of Ohio bought a new position in ServisFirst Bancshares in the 2nd quarter valued at approximately $34,000. Finally, Danske Bank A S bought a new position in ServisFirst Bancshares in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 67.31% of the company's stock.

ServisFirst Bancshares Stock Performance

NYSE:SFBS opened at $43.20 on Friday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 14.72 and a beta of 0.86. ServisFirst Bancshares has a fifty-two week low of $33.60 and a fifty-two week high of $46.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average price of $43.73 and a 200-day moving average price of $40.78.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $168.53 million for the quarter, compared to analysts' expectations of $167.85 million. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%. As a group, equities analysts anticipate that ServisFirst Bancshares will post 3.23 EPS for the current fiscal year.

ServisFirst Bancshares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.76 annualized dividend and a yield of 1.8%. ServisFirst Bancshares's dividend payout ratio is presently 25.94%.

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.

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