ServisFirst Bancshares, Inc. (NYSE:SFBS) Stock Has Average Price Target of $46.50

by · The Cerbat Gem

ServisFirst Bancshares, Inc. (NYSE:SFBS – Get Free Report) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.50.

A number of research firms recently weighed in on SFBS. Piper Sandler decreased their target price on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Zacks Research cut ServisFirst Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Wall Street Zen downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Raymond James Financial cut shares of ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research report on Tuesday, October 6th. Finally, 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.

Read Our Latest Stock Analysis on SFBS

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $41.23 on Friday. ServisFirst Bancshares has a twelve month low of $33.60 and a twelve month high of $46.04. 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 firm’s 50 day moving average price is $41.37 and its two-hundred day moving average price is $41.21. The firm has a market cap of $4.51 billion, a P/E ratio of 13.13 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last announced 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). The firm had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.13 million. ServisFirst Bancshares had a net margin of 32.53% and a return on equity of 17.66%. On average, analysts forecast that ServisFirst Bancshares will post 3.18 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.8%. ServisFirst Bancshares’s payout ratio is presently 24.28%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $670,908,000. Dimensional Fund Advisors LP increased its holdings in shares of ServisFirst Bancshares by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,133,669 shares of the financial services provider’s stock worth $82,565,000 after buying an additional 10,008 shares in the last quarter. Davis Asset Management L.P. bought a new position in ServisFirst Bancshares in the second quarter valued at about $78,975,000. Copeland Capital Management LLC boosted its position in ServisFirst Bancshares by 94.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,436,928 shares of the financial services provider’s stock worth $57,448,000 after buying an additional 699,425 shares during the period. Finally, Wasatch Advisors LP raised its position in shares of ServisFirst Bancshares by 14.6% during the first quarter. Wasatch Advisors LP now owns 552,153 shares of the financial services provider’s stock worth $40,213,000 after acquiring an additional 70,298 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

About ServisFirst Bancshares

(Get Free Report)

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.

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