ServisFirst Bancshares (NYSE:SFBS) Stock Rating Lowered by Zacks Research

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

SFBS has been the topic of several other research reports. Raymond James Financial raised shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research report on Wednesday, January 21st. Hovde Group upped their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Wall Street Zen raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of ServisFirst Bancshares in a research report on Monday, December 29th. Finally, Piper Sandler upgraded ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 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 issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, ServisFirst Bancshares has an average rating of “Moderate Buy” and a consensus target price of $93.67.

ServisFirst Bancshares Price Performance

SFBS opened at $74.62 on Monday. ServisFirst Bancshares has a 1 year low of $66.48 and a 1 year high of $90.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.75 and a beta of 0.91. The firm’s fifty day moving average price is $80.71 and its two-hundred day moving average price is $77.21.

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

Institutional Investors Weigh In On ServisFirst Bancshares

A number of hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted 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 purchasing an additional 212 shares during the last quarter. Salomon & Ludwin LLC increased its position 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 buying an additional 288 shares during the last quarter. State of Wyoming bought a new stake in shares of ServisFirst Bancshares in the second quarter valued at $29,000. Danske Bank A S bought a new stake in shares of ServisFirst Bancshares in the third quarter valued at $32,000. Finally, Fifth Third Bancorp lifted its position 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 buying an additional 290 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

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.