ServisFirst Bancshares (NYSE:SFBS) Price Target Raised to $91.00

ServisFirst Bancshares (NYSE:SFBSGet Free Report) had its target price upped by equities researchers at Piper Sandler from $89.00 to $91.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 16.54% from the company’s previous close.

Several other analysts have also recently issued reports on SFBS. Wall Street Zen raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Hovde Group upped their price objective on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Raymond James Financial raised ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ServisFirst Bancshares in a report on Friday, April 10th. Finally, Zacks Research downgraded ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ServisFirst Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

Check Out Our Latest Research Report on SFBS

ServisFirst Bancshares Stock Up 0.3%

Shares of SFBS opened at $78.08 on Tuesday. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 15.43 and a beta of 0.89. ServisFirst Bancshares has a 1 year low of $66.48 and a 1 year high of $90.64. The business’s 50 day simple moving average is $78.13 and its 200-day simple moving average is $76.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

ServisFirst Bancshares (NYSE:SFBSGet Free Report) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $158.99 million for the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%. As a group, equities analysts expect that ServisFirst Bancshares will post 6.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServisFirst Bancshares

A number of institutional investors have recently added to or reduced their stakes in SFBS. NewEdge Advisors LLC boosted its position in ServisFirst Bancshares by 307,426.8% during the fourth quarter. NewEdge Advisors LLC now owns 919,505 shares of the financial services provider’s stock valued at $66,011,000 after purchasing an additional 919,206 shares in the last quarter. Norges Bank bought a new stake in ServisFirst Bancshares during the fourth quarter valued at about $47,908,000. First Trust Advisors LP boosted its position in ServisFirst Bancshares by 61.6% during the third quarter. First Trust Advisors LP now owns 528,011 shares of the financial services provider’s stock valued at $42,521,000 after purchasing an additional 201,309 shares in the last quarter. JPMorgan Chase & Co. boosted its position in ServisFirst Bancshares by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 962,164 shares of the financial services provider’s stock valued at $77,483,000 after purchasing an additional 199,772 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in ServisFirst Bancshares by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock valued at $436,623,000 after purchasing an additional 196,248 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Key Headlines Impacting ServisFirst Bancshares

Here are the key news stories impacting ServisFirst Bancshares this week:

About ServisFirst Bancshares

(Get Free Report)

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.

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Analyst Recommendations for ServisFirst Bancshares (NYSE:SFBS)

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