ServisFirst Bancshares, Inc. (NYSE:SFBS) Receives Consensus Rating of “Buy” from Analysts

ServisFirst Bancshares, Inc. (NYSE:SFBS) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $94.3333.

SFBS has been the subject of several research reports. Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd.

ServisFirst Bancshares Stock Performance

Shares of NYSE:SFBS opened at $84.06 on Thursday. ServisFirst Bancshares has a twelve month low of $67.20 and a twelve month high of $90.64. The firm has a market cap of $4.59 billion, a PE ratio of 15.51 and a beta of 0.86. 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 business has a fifty day moving average of $80.38 and a 200-day moving average of $78.95.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $158.99 million during 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%. On average, equities research analysts predict that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 28.04%.

Institutional Investors Weigh In On ServisFirst Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in ServisFirst Bancshares by 6.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 125 shares during the last quarter. CWM LLC raised its holdings in ServisFirst Bancshares by 17.3% during the 4th quarter. CWM LLC now owns 955 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 141 shares during the last quarter. Mackenzie Financial Corp raised its holdings in ServisFirst Bancshares by 4.9% during the 4th quarter. Mackenzie Financial Corp now owns 3,234 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 152 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in ServisFirst Bancshares by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,394 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 170 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in ServisFirst Bancshares by 3.9% during the 4th quarter. Lido Advisors LLC now owns 4,769 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 179 shares during the period. Institutional investors own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

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.