ServisFirst Bancshares (NYSE:SFBS) Downgraded to “Hold” Rating by Zacks Research

ServisFirst Bancshares (NYSE:SFBS) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Hovde Group lifted their price objective on ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Piper Sandler raised shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price target for the company in a research report on Wednesday, January 21st. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ServisFirst Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock opened at $74.62 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $4.08 billion, a PE ratio of 14.75 and a beta of 0.91. The company has a 50 day moving average price of $80.71 and a 200-day moving average price of $77.21. ServisFirst Bancshares has a fifty-two week low of $66.48 and a fifty-two week high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $162.21 million for the quarter, compared to the consensus estimate of $151.82 million. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%. As a group, equities analysts forecast that ServisFirst Bancshares will post 5.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in ServisFirst Bancshares by 214.1% in the third quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 212 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in ServisFirst Bancshares by 523.6% in the fourth quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 288 shares during the last quarter. State of Wyoming acquired a new position in shares of ServisFirst Bancshares during the second quarter worth $29,000. Danske Bank A S acquired a new position in shares of ServisFirst Bancshares during the third quarter worth $32,000. Finally, Fifth Third Bancorp lifted its holdings in shares of ServisFirst Bancshares by 105.1% during the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

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.