ServisFirst Bancshares (NYSE:SFBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) had its price target hoisted by stock analysts at Piper Sandler from $84.00 to $90.00 in a 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 target price indicates a potential upside of 7.42% from the stock's previous close.

ServisFirst Bancshares Stock Performance

NYSE:SFBS traded up $1.32 during trading hours on Tuesday, reaching $83.78. 152,951 shares of the stock were exchanged, compared to its average volume of 228,178. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $77.11 and a 200-day simple moving average of $80.20. ServisFirst Bancshares has a 52 week low of $66.48 and a 52 week high of $101.37. The stock has a market capitalization of $4.58 billion, a P/E ratio of 19.04 and a beta of 0.84.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its earnings results on Monday, July 21st. The financial services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. ServisFirst Bancshares had a return on equity of 15.11% and a net margin of 24.16%. The company had revenue of $132.11 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the business posted $0.95 EPS. As a group, sell-side analysts forecast that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServisFirst Bancshares

Several hedge funds have recently modified their holdings of SFBS. O Shaughnessy Asset Management LLC boosted its position in shares of ServisFirst Bancshares by 3.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,394 shares of the financial services provider's stock worth $288,000 after buying an additional 126 shares during the period. Bank of Montreal Can boosted its position in shares of ServisFirst Bancshares by 0.7% in the fourth quarter. Bank of Montreal Can now owns 20,642 shares of the financial services provider's stock worth $1,749,000 after buying an additional 138 shares during the period. KBC Group NV boosted its position in shares of ServisFirst Bancshares by 6.0% in the first quarter. KBC Group NV now owns 2,466 shares of the financial services provider's stock worth $204,000 after buying an additional 140 shares during the period. Arcus Capital Partners LLC boosted its position in shares of ServisFirst Bancshares by 1.8% in the first quarter. Arcus Capital Partners LLC now owns 9,007 shares of the financial services provider's stock worth $744,000 after buying an additional 156 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of ServisFirst Bancshares by 5.6% in the second quarter. Moody National Bank Trust Division now owns 3,000 shares of the financial services provider's stock worth $233,000 after buying an additional 160 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

About ServisFirst Bancshares

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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