ServisFirst Bancshares - SFBS Stock Forecast, Price & News

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, such as 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. It also offers other banking products and services comprising telephone and mobile banking, direct deposit, Internet banking, traveler's checks, safe deposit boxes, attorney trust accounts, automatic account transfers, automated teller machines, and debit card systems, as well as Visa credit cards; treasury and cash management services; wire transfer, night depository, banking-by-mail, and remote capture services; and correspondent banking services to other financial institutions. In addition, the company holds and manages participations in residential mortgages and commercial real estate loans originated by ServisFirst Bank in Alabama, Florida, Georgia, and Tennessee. It operates 23 full-service banking offices located in Alabama, Florida, Georgia, South Carolina, and Tennessee, as well as 2 loan production offices in Florida. The company was founded in 2005 and is headquartered in Birmingham, Alabama.

Analysts Set New Price Targets

Separately, DA Davidson reduced their price target on ServisFirst Bancshares from $97.00 to $94.00 in a research report on Tuesday, April 19th.

ServisFirst Bancshares Stock Up 1.8 %

Shares of SFBS opened at $92.12 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. ServisFirst Bancshares has a 12 month low of $69.52 and a 12 month high of $97.25. The stock's 50 day moving average is $81.01 and its two-hundred day moving average is $83.85. The firm has a market cap of $5.00 billion, a P/E ratio of 22.36 and a beta of 1.03.

ServisFirst Bancshares (NASDAQ:SFBS - Get Rating) last issued its quarterly earnings data on Monday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. ServisFirst Bancshares had a return on equity of 19.30% and a net margin of 46.52%. During the same period last year, the company earned $0.92 EPS. Analysts predict that ServisFirst Bancshares will post 4.63 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, July 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, June 30th. ServisFirst Bancshares's dividend payout ratio is presently 22.17%.

Insider Transactions at ServisFirst Bancshares

In other news, Director Irma Loya Tuder purchased 2,000 shares of the stock in a transaction dated Friday, June 10th. The shares were purchased at an average cost of $76.60 per share, with a total value of $153,200.00. Following the completion of the purchase, the director now directly owns 42,215 shares of the company's stock, valued at approximately $3,233,669. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Irma Loya Tuder acquired 2,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average price of $76.60 per share, for a total transaction of $153,200.00. Following the completion of the transaction, the director now owns 42,215 shares in the company, valued at approximately $3,233,669. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas A. Broughton acquired 1,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of $76.23 per share, for a total transaction of $76,230.00. Following the transaction, the chief executive officer now owns 251,530 shares of the company's stock, valued at approximately $19,174,131.90. The disclosure for this purchase can be found here. Corporate insiders own 8.31% of the company's stock.