ServisFirst Bancshares (NYSE:SFBS) Given New $90.00 Price Target at Piper Sandler

ServisFirst Bancshares (NYSE:SFBS - Free Report) had its price objective increased by Piper Sandler from $84.00 to $90.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

ServisFirst Bancshares Stock Down 0.8%

Shares of ServisFirst Bancshares stock traded down $0.66 during trading on Tuesday, reaching $81.15. The company had a trading volume of 175,279 shares, compared to its average volume of 235,053. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 17.76 and a beta of 0.84. The firm's fifty day moving average is $77.41 and its 200-day moving average is $80.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. ServisFirst Bancshares has a fifty-two week low of $66.48 and a fifty-two week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last issued its earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $132.11 million for the quarter, compared to analyst estimates of $140.26 million. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. During the same quarter in the prior year, the business posted $0.95 EPS. On average, analysts anticipate that ServisFirst Bancshares will post 5.17 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.65%. ServisFirst Bancshares's payout ratio is currently 29.32%.

Hedge Funds Weigh In On ServisFirst Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in ServisFirst Bancshares in the 4th quarter worth about $30,000. Ameritas Advisory Services LLC bought a new position in ServisFirst Bancshares in the 2nd quarter worth about $30,000. Sterling Capital Management LLC grew its position in ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,051 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in ServisFirst Bancshares in the 1st quarter worth about $171,000. Finally, KBC Group NV grew its position in ServisFirst Bancshares by 6.0% in the 1st quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after purchasing an additional 140 shares during the last quarter. 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.