ServisFirst Bancshares (NYSE:SFBS) Stock Gets Downgrade from Zacks Research

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

SFBS has been the topic of several other research reports. Weiss Ratings raised shares of ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Raymond James Financial cut shares of ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $50.00 to $45.00 in a research report on Tuesday, October 6th. Finally, Piper Sandler reduced their target price on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $39.81 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s fifty day moving average is $41.54 and its two-hundred day moving average is $41.17. The firm has a market capitalization of $4.35 billion, a P/E ratio of 12.59 and a beta of 0.91. ServisFirst Bancshares has a fifty-two week low of $33.60 and a fifty-two week high of $46.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). ServisFirst Bancshares had a return on equity of 17.66% and a net margin of 32.53%. The company had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.13 million. On average, research analysts anticipate that ServisFirst Bancshares will post 3.18 earnings per share for the current year.

Institutional Investors Weigh In On ServisFirst Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in ServisFirst Bancshares by 11.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 163 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 period. Janney Montgomery Scott LLC grew its holdings in shares of ServisFirst Bancshares by 3.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,462 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 306 shares during the period. HB Wealth Management LLC grew its holdings in shares of ServisFirst Bancshares by 1.8% during the 1st quarter. HB Wealth Management LLC now owns 19,599 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 353 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of ServisFirst Bancshares during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

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

The bank offers deposit accounts, commercial and residential real estate lending, business loans, treasury management, private banking, mortgage services and wealth management. It emphasizes relationship-based banking and serves clients through banking offices and digital channels.

Founded in 2005, ServisFirst Bank has expanded beyond Alabama into markets including Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia.