ServisFirst Bancshares (NYSE:SFBS) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• ServisFirst Bancshares (NYSE:SFBS) received a "Hold (C+)" rating from Weiss Ratings, with a consensus price target of $86.67 based on various analysts' assessments.
• The stock has shown a 52-week range from $66.48 to $101.37 and opened at $70.89, indicating a challenging market environment for the financial services provider.
• Insider activity included CEO Thomas A. Broughton selling 22,206 shares for approximately $1.95 million, reducing his ownership stake to 592,588 shares.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on SFBS. Hovde Group reduced their target price on shares of ServisFirst Bancshares from $92.00 to $85.00 and set a "market perform" rating for the company in a report on Tuesday. Raymond James Financial raised shares of ServisFirst Bancshares from a "market perform" rating to an "outperform" rating and set a $95.00 target price for the company in a report on Tuesday, October 7th. Piper Sandler reduced their target price on shares of ServisFirst Bancshares from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Zacks Research lowered shares of ServisFirst Bancshares from a "hold" rating to a "strong sell" rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $86.67.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $70.89 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $82.26 and a 200 day moving average price of $78.30. The company has a market cap of $3.87 billion, a P/E ratio of 15.18 and a beta of 0.85. ServisFirst Bancshares has a 12 month low of $66.48 and a 12 month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share for the quarter. ServisFirst Bancshares had a net margin of 25.24% and a return on equity of 15.93%. The firm had revenue of $104.27 million during the quarter. Sell-side analysts predict that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Insider Activity at ServisFirst Bancshares

In other news, CEO Thomas A. Broughton sold 22,206 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $87.99, for a total value of $1,953,905.94. Following the sale, the chief executive officer directly owned 592,588 shares in the company, valued at $52,141,818.12. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

Institutional Trading of ServisFirst Bancshares

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of ServisFirst Bancshares by 6.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 125 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of ServisFirst Bancshares by 2.7% during the second quarter. Ameritas Investment Partners Inc. now owns 5,271 shares of the financial services provider's stock valued at $409,000 after buying an additional 138 shares during the period. KBC Group NV lifted its stake in shares of ServisFirst Bancshares by 6.0% during the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock valued at $204,000 after buying an additional 140 shares during the period. Bank of Montreal Can raised its stake in ServisFirst Bancshares by 0.5% during the second quarter. Bank of Montreal Can now owns 28,507 shares of the financial services provider's stock worth $2,210,000 after purchasing an additional 142 shares during the period. Finally, Wallace Advisory Group LLC raised its stake in ServisFirst Bancshares by 4.0% during the second quarter. Wallace Advisory Group LLC now owns 3,852 shares of the financial services provider's stock worth $318,000 after purchasing an additional 149 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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