ServisFirst Bancshares, Inc. (NYSE:SFBS) Given Average Rating of “Buy” by Analysts

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have received an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $94.3333.

Several research firms have commented on SFBS. Hovde Group upped their price objective on ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Wall Street Zen upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Piper Sandler upped their price objective on ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Zacks Research lowered ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On ServisFirst Bancshares

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in ServisFirst Bancshares by 6.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 125 shares in the last quarter. CWM LLC boosted its position in ServisFirst Bancshares by 17.3% in the 4th quarter. CWM LLC now owns 955 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 141 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ServisFirst Bancshares by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,186 shares of the financial services provider’s stock valued at $2,753,000 after buying an additional 143 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of ServisFirst Bancshares by 4.9% during the 4th quarter. Mackenzie Financial Corp now owns 3,234 shares of the financial services provider’s stock valued at $234,000 after buying an additional 152 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in shares of ServisFirst Bancshares by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,394 shares of the financial services provider’s stock valued at $531,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Performance

SFBS opened at $82.56 on Friday. ServisFirst Bancshares has a 52-week low of $67.20 and a 52-week high of $90.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.51 billion, a P/E ratio of 15.23 and a beta of 0.88. The firm’s 50-day moving average price is $77.76 and its 200-day moving average price is $77.42.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, April 20th. The financial services provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million for the quarter, compared to analyst estimates of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. As a group, equities analysts anticipate that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio is currently 28.04%.

About ServisFirst Bancshares

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.