ServisFirst Bancshares (NYSE:SFBS) Raised to Buy at Wall Street Zen

ServisFirst Bancshares (NYSE:SFBS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the company. Weiss Ratings upgraded ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Piper Sandler lifted their price objective on shares of ServisFirst Bancshares from $45.50 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $47.67.

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $43.31 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 14.76 and a beta of 0.86. ServisFirst Bancshares has a 1 year low of $33.60 and a 1 year high of $46.04. The firm’s 50-day simple moving average is $43.48 and its 200-day simple moving average is $40.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The firm had revenue of $168.53 million during the quarter, compared to analyst estimates of $167.85 million. Equities analysts forecast that ServisFirst Bancshares will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of ServisFirst Bancshares

Several hedge funds have recently made changes to their positions in SFBS. State of Wyoming acquired a new position in ServisFirst Bancshares during the 2nd quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ServisFirst Bancshares in the second quarter worth $31,000. Ameritas Advisory Services LLC acquired a new stake in ServisFirst Bancshares in the second quarter worth $32,000. Danske Bank A S bought a new stake in ServisFirst Bancshares in the third quarter valued at $32,000. Finally, Public Employees Retirement System of Ohio bought a new stake in ServisFirst Bancshares in the second quarter valued at $34,000. 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.