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

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

Several equities research analysts have recently commented on SFBS shares. Wall Street Zen raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler raised their target price on shares of ServisFirst Bancshares from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Zacks Research cut shares of ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Hovde Group raised their target price on shares of ServisFirst Bancshares from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of ServisFirst Bancshares by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 125 shares during the period. CWM LLC grew its stake in shares of ServisFirst Bancshares by 17.3% during the fourth 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 period. PNC Financial Services Group Inc. grew its stake in shares of ServisFirst Bancshares by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,186 shares of the financial services provider’s stock worth $2,753,000 after purchasing an additional 143 shares during the period. Mackenzie Financial Corp grew its stake in shares of ServisFirst Bancshares by 4.9% during the fourth 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 period. Finally, Maryland State Retirement & Pension System grew its stake in shares of ServisFirst Bancshares by 2.4% during the fourth 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 period. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Stock Performance

NYSE SFBS opened at $80.46 on Friday. The company’s 50 day moving average is $78.37 and its 200-day moving average is $77.74. ServisFirst Bancshares has a 12-month low of $67.20 and a 12-month high of $90.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.40 billion, a P/E ratio of 14.85 and a beta of 0.88.

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

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 28.04%.

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.