ServisFirst Bancshares, Inc. (NYSE:SFBS) Stock Has Average Target Price of $47.67

ServisFirst Bancshares, Inc. (NYSE:SFBS) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $47.67.

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

Institutional Trading of ServisFirst Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ServisFirst Bancshares in the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter worth $32,000. Public Employees Retirement System of Ohio bought a new position in ServisFirst Bancshares in the second quarter worth about $34,000. Global Retirement Partners LLC acquired a new position in ServisFirst Bancshares during the 2nd quarter valued at approximately $43,000. Finally, Quantbot Technologies LP acquired a new position in shares of ServisFirst Bancshares during the second quarter valued at $95,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Stock Down 0.7%

ServisFirst Bancshares stock opened at $41.03 on Tuesday. ServisFirst Bancshares has a twelve month low of $33.60 and a twelve month high of $46.04. The stock has a 50 day moving average of $43.35 and a two-hundred day moving average of $40.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 13.98 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share (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 business had revenue of $168.53 million for the quarter, compared to analyst estimates of $167.85 million. As a group, research analysts expect that ServisFirst Bancshares will post 3.23 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.9%. ServisFirst Bancshares’s payout ratio is currently 25.94%.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides banking and financial services to businesses, professionals and individuals.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash and treasury management, online and mobile banking, mortgage services, and wealth management solutions. Its lending activities include commercial real estate, construction, commercial and industrial, residential mortgage and consumer loans.

Founded in 2005, ServisFirst Bancshares has expanded its banking operations across several Southeastern states, including Alabama, Florida, Georgia, Tennessee, North Carolina and South Carolina.