ServisFirst Bancshares, Inc. (NYSE:SFBS) Stock Has Consensus Price Target of $46.50 According to Analysts

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $46.50.

A number of research firms have issued reports on SFBS. Zacks Research downgraded ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Piper Sandler cut their price objective on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Wall Street Zen downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Raymond James Financial lowered ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Tuesday, October 6th. Finally, Weiss Ratings upgraded ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th.

Institutional Investors Weigh In On ServisFirst Bancshares

Institutional investors have recently bought and sold shares of the business. Ieq Capital LLC increased its position in shares of ServisFirst Bancshares by 237.9% in the third quarter. Ieq Capital LLC now owns 25,602 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 18,026 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of ServisFirst Bancshares by 102.5% in the 3rd quarter. Independent Advisor Alliance now owns 10,798 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 5,466 shares during the period. Voya Investment Management LLC raised its stake in shares of ServisFirst Bancshares by 101.8% in the 3rd quarter. Voya Investment Management LLC now owns 20,016 shares of the financial services provider’s stock valued at $800,000 after acquiring an additional 10,099 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of ServisFirst Bancshares by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 345,845 shares of the financial services provider’s stock valued at $13,322,000 after acquiring an additional 173,090 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of ServisFirst Bancshares by 98.2% during the 3rd quarter. Global Retirement Partners LLC now owns 989 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock opened at $41.52 on Wednesday. ServisFirst Bancshares has a 1 year low of $33.60 and a 1 year high of $46.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $40.73 and a 200 day moving average price of $40.84. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 13.24 and a beta of 0.92.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The firm had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.13 million. ServisFirst Bancshares had a return on equity of 17.66% and a net margin of 32.53%. Sell-side analysts predict that ServisFirst Bancshares will post 3.18 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, October 1st. ServisFirst Bancshares’s payout ratio is 24.28%.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc. is a bank holding company headquartered in Birmingham, Alabama. Through its subsidiary, ServisFirst Bank, the company provides commercial and consumer banking services, with a focus on serving businesses, professionals and individuals. Its offerings include commercial and consumer loans, deposit accounts, treasury and cash-management services, and online and mobile banking. The bank also provides services such as wealth management and mortgage lending. Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets across the southeastern United States, including Florida, Georgia, North Carolina, South Carolina and Tennessee.