ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.50.
Several brokerages have recently issued reports on SFBS. Stephens reissued a “hold” rating and set a $38.00 price target on shares of ServisFirst Bancshares in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Hovde Group raised shares of ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price target for the company in a report on Tuesday, April 18th. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th.
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Shares of ServisFirst Bancshares (SFBS) traded down 2.17% during mid-day trading on Tuesday, reaching $35.15. 115,608 shares of the company were exchanged. The company’s 50-day moving average is $36.62 and its 200 day moving average is $37.59. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 21.30 and a beta of 1.38. ServisFirst Bancshares has a 12 month low of $24.51 and a 12 month high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. The company had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. Analysts predict that ServisFirst Bancshares will post $1.80 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, June 29th. ServisFirst Bancshares’s payout ratio is currently 12.05%.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in ServisFirst Bancshares by 256.0% in the first quarter. Bank of Montreal Can now owns 3,204 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,304 shares during the last quarter. LS Investment Advisors LLC increased its stake in ServisFirst Bancshares by 121.6% in the first quarter. LS Investment Advisors LLC now owns 3,700 shares of the financial services provider’s stock valued at $135,000 after buying an additional 2,030 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in ServisFirst Bancshares during the first quarter valued at $145,000. Victory Capital Management Inc. increased its stake in ServisFirst Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,229 shares of the financial services provider’s stock valued at $156,000 after buying an additional 633 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in ServisFirst Bancshares by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,890 shares of the financial services provider’s stock valued at $177,000 after buying an additional 110 shares during the last quarter. 43.39% of the stock is owned by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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