ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.50.
A number of research firms have weighed in on SFBS. Wall Street Zen lowered shares of ServisFirst Bancshares from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Piper Sandler decreased their target price on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, October 2nd. Weiss Ratings upgraded shares of ServisFirst Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. Finally, Raymond James Financial cut shares of ServisFirst Bancshares from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $50.00 to $45.00 in a report on Tuesday, October 6th.
View Our Latest Report on SFBS
Institutional Trading of ServisFirst Bancshares
Several institutional investors have recently added to or reduced their stakes in SFBS. BlackRock Inc. bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter worth $670,908,000. Davis Asset Management L.P. bought a new position in shares of ServisFirst Bancshares during the second quarter valued at $78,975,000. Copeland Capital Management LLC bought a new position in shares of ServisFirst Bancshares during the first quarter valued at $54,879,000. Arete Wealth Advisors LLC purchased a new stake in shares of ServisFirst Bancshares during the first quarter valued at $33,348,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of ServisFirst Bancshares during the second quarter valued at $35,791,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
ServisFirst Bancshares Stock Down 0.6%
NYSE:SFBS traded down $0.25 during trading hours on Friday, reaching $39.31. 683,276 shares of the company traded hands, compared to its average volume of 713,930. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The business's 50-day moving average price is $41.87 and its two-hundred day moving average price is $41.08. ServisFirst Bancshares has a 1 year low of $33.60 and a 1 year high of $46.04. The stock has a market capitalization of $4.30 billion, a P/E ratio of 13.39 and a beta of 0.91.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%. Analysts predict that ServisFirst Bancshares will post 3.21 earnings per share for the current year.
ServisFirst Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, October 1st. ServisFirst Bancshares's payout ratio is presently 25.94%.
About ServisFirst Bancshares
(
Get Free Report)
ServisFirst Bancshares, Inc is the bank holding company for ServisFirst Bank, a regional financial institution headquartered in Birmingham, Alabama. Founded in 2005, the company provides banking services primarily to businesses, professionals, and individuals through a relationship-focused operating model.
ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash-management and treasury services, online and mobile banking, mortgage lending, and wealth-management solutions.
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