Analysts Set ServisFirst Bancshares, Inc. (NYSE:SFBS) Target Price at $94.33

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $94.3333.

Several research analysts have commented on SFBS shares. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ServisFirst Bancshares in a report on Friday, April 10th. Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Hovde Group upped their price target on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Piper Sandler raised their price objective on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st.

ServisFirst Bancshares Price Performance

SFBS opened at $78.18 on Wednesday. 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 $4.27 billion, a P/E ratio of 14.42 and a beta of 0.90. The stock has a 50-day moving average price of $76.34 and a 200-day moving average price of $76.71. ServisFirst Bancshares has a 12-month low of $67.20 and a 12-month high of $90.64.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $158.99 million for the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. Equities analysts predict that ServisFirst Bancshares will post 6.4 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Wednesday, April 1st were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.52 annualized dividend and a yield of 1.9%. ServisFirst Bancshares’s dividend payout ratio is currently 28.04%.

Institutional Trading of ServisFirst Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of SFBS. Hantz Financial Services Inc. boosted its stake in shares of ServisFirst Bancshares by 214.1% during 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 period. Salomon & Ludwin LLC increased its stake in shares of 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 period. State of Wyoming bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at $29,000. Danske Bank A S bought a new stake in ServisFirst Bancshares during the 3rd quarter valued at $32,000. Finally, Fifth Third Bancorp boosted its position in 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 period. 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.