Piper Sandler Has Lowered Expectations for ServisFirst Bancshares (NYSE:SFBS) Stock Price

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) had its price objective dropped by equities research analysts at Piper Sandler from $96.00 to $84.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. Piper Sandler's price target would suggest a potential upside of 18.74% from the company's current price.

Separately, StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.

ServisFirst Bancshares Stock Down 1.4 %

Shares of NYSE SFBS traded down $1.00 during mid-day trading on Tuesday, reaching $70.74. 143,356 shares of the company were exchanged, compared to its average volume of 225,112. ServisFirst Bancshares has a 1 year low of $58.43 and a 1 year high of $101.37. The firm has a 50-day moving average of $79.40 and a 200 day moving average of $85.94. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 17.01 and a beta of 0.89. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $131.83 million for the quarter, compared to analysts' expectations of $134.13 million. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period in the previous year, the company posted $0.94 earnings per share. On average, research analysts expect that ServisFirst Bancshares will post 5.17 earnings per share for the current year.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SFBS. GAMMA Investing LLC boosted its holdings in ServisFirst Bancshares by 411.5% during the fourth quarter. GAMMA Investing LLC now owns 4,711 shares of the financial services provider's stock worth $399,000 after buying an additional 3,790 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of ServisFirst Bancshares by 169.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 747 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of ServisFirst Bancshares by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,065 shares of the financial services provider's stock valued at $44,155,000 after purchasing an additional 29,247 shares in the last quarter. Bank of New York Mellon Corp boosted its position in ServisFirst Bancshares by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 464,406 shares of the financial services provider's stock worth $39,354,000 after purchasing an additional 36,711 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in ServisFirst Bancshares in the fourth quarter valued at approximately $1,858,000. 67.31% of the stock is 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.