ServisFirst Bancshares, Inc. (NYSE:SFBS) Receives $47.67 Average Target Price from Analysts

ServisFirst Bancshares, Inc. (NYSE:SFBS) has earned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.6667.

A number of research firms recently weighed in on SFBS. Wall Street Zen cut ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ServisFirst Bancshares in a report on Thursday, August 27th. Finally, Piper Sandler raised their price target on ServisFirst Bancshares from $45.50 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st.

Institutional Investors Weigh In On ServisFirst Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC purchased a new stake in ServisFirst Bancshares during the first quarter valued at about $54,879,000. Vanguard Group Inc. raised its holdings in ServisFirst Bancshares by 3.3% in 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 buying an additional 196,248 shares during the period. Navigate Wealth Management LLC purchased a new position in ServisFirst Bancshares in the first quarter valued at approximately $932,000. Jacobs Asset Management LLC acquired a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $7,179,000. Finally, WINTON GROUP Ltd purchased a new stake in ServisFirst Bancshares during the fourth quarter worth approximately $1,056,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Trading Up 0.4%

NYSE:SFBS opened at $42.48 on Friday. The stock has a fifty day moving average price of $43.81 and a two-hundred day moving average price of $40.76. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. ServisFirst Bancshares has a 1 year low of $33.60 and a 1 year high of $46.04.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, July 20th. The financial services provider reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The company had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. As a group, sell-side analysts anticipate that ServisFirst Bancshares will post 3.23 earnings per share for the current fiscal year.

ServisFirst Bancshares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is 25.94%.

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.