ServisFirst Bancshares, Inc. (NYSE:SFBS) Receives Consensus Recommendation of “Buy” from Analysts

ServisFirst Bancshares, Inc. (NYSE:SFBS) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $95.3333.

A number of equities research analysts recently weighed in on SFBS shares. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Piper Sandler boosted their price objective on shares of ServisFirst Bancshares from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Wedge Capital Management L L P NC grew its stake in ServisFirst Bancshares by 33.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 49,957 shares of the financial services provider’s stock valued at $4,334,000 after purchasing an additional 12,441 shares in the last quarter. GAMMA Investing LLC increased its holdings in ServisFirst Bancshares by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,478 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 285 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of ServisFirst Bancshares in the 1st quarter valued at approximately $33,348,000. Bank of America Corp DE raised its position in shares of ServisFirst Bancshares by 47.7% in the 1st quarter. Bank of America Corp DE now owns 135,140 shares of the financial services provider’s stock valued at $9,842,000 after purchasing an additional 43,638 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of ServisFirst Bancshares by 685.5% during the 1st quarter. Janus Henderson Group PLC now owns 190,651 shares of the financial services provider’s stock valued at $13,886,000 after buying an additional 166,379 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Up 0.1%

Shares of NYSE:SFBS opened at $89.58 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares has a 52-week low of $67.20 and a 52-week high of $90.64. The company has a 50 day moving average of $83.64 and a two-hundred day moving average of $80.58. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 15.26 and a beta of 0.86.

ServisFirst Bancshares’s stock is scheduled to split before the market opens on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly minted shares will be issued to shareholders after the market closes on Thursday, August 20th.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, July 20th. The financial services provider reported $1.57 EPS for the quarter, hitting analysts’ consensus estimates of $1.57. The business had revenue of $168.53 million for the quarter, compared to analysts’ expectations of $167.85 million. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. As a group, analysts forecast that ServisFirst Bancshares will post 6.46 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. ServisFirst Bancshares’s payout ratio is presently 25.89%.

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.