Brokerages Set ServisFirst Bancshares, Inc. (NYSE:SFBS) PT at $95.33

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) have been given a consensus rating of “Buy” by the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment 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 1-year price objective among analysts that have covered the stock in the last year is $95.3333.

A number of analysts have issued reports on the company. Weiss Ratings raised ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Piper Sandler increased their price objective on ServisFirst Bancshares from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st.

Institutional Investors Weigh In On ServisFirst Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of ServisFirst Bancshares during the second quarter worth about $670,908,000. Vanguard Group Inc. boosted its holdings in shares of ServisFirst Bancshares by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 6,081,945 shares of the financial services provider’s stock valued at $436,623,000 after acquiring an additional 196,248 shares during the period. State Street Corp grew its position in shares of ServisFirst Bancshares by 3.5% during the fourth quarter. State Street Corp now owns 2,463,986 shares of the financial services provider’s stock worth $176,890,000 after acquiring an additional 82,912 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 10,008 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of ServisFirst Bancshares by 12.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,628 shares of the financial services provider’s stock valued at $77,506,000 after acquiring an additional 117,464 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $88.82 on Monday. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 15.13 and a beta of 0.86. The firm’s fifty day simple moving average is $84.85 and its 200-day simple moving average is $81.02. ServisFirst Bancshares has a twelve month low of $67.20 and a twelve month high of $91.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02.

Shares of ServisFirst Bancshares are scheduled to split on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, August 20th.

ServisFirst Bancshares (NYSE:SFBS) last issued its earnings results on Monday, July 20th. The financial services provider reported $1.57 EPS for the quarter, hitting analysts’ consensus estimates of $1.57. The firm had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. Equities analysts forecast that ServisFirst Bancshares will post 6.46 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, July 1st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 25.89%.

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.