ServisFirst Bancshares (SFBS) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of ServisFirst Bancshares (NASDAQ:SFBS) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

Separately, BidaskClub lowered ServisFirst Bancshares from a sell rating to a strong sell rating in a report on Saturday, March 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. ServisFirst Bancshares has a consensus rating of Hold and a consensus price target of $40.50.

SFBS opened at $32.94 on Wednesday. The firm has a market cap of $1.76 billion, a PE ratio of 13.02 and a beta of 1.30. ServisFirst Bancshares has a 52-week low of $29.90 and a 52-week high of $44.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

ServisFirst Bancshares (NASDAQ:SFBS) last released its earnings results on Monday, April 15th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). The company had revenue of $73.72 million for the quarter, compared to analyst estimates of $76.30 million. ServisFirst Bancshares had a return on equity of 19.92% and a net margin of 37.87%. Equities analysts forecast that ServisFirst Bancshares will post 2.65 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in shares of ServisFirst Bancshares by 2.8% during the 4th quarter. Legal & General Group Plc now owns 109,220 shares of the financial services provider’s stock worth $3,485,000 after purchasing an additional 2,951 shares in the last quarter. First Hawaiian Bank lifted its position in shares of ServisFirst Bancshares by 38.6% during the 1st quarter. First Hawaiian Bank now owns 3,512 shares of the financial services provider’s stock worth $119,000 after buying an additional 979 shares during the last quarter. Arlington Partners LLC bought a new stake in shares of ServisFirst Bancshares during the 1st quarter worth $249,000. Texas Permanent School Fund lifted its position in shares of ServisFirst Bancshares by 4.3% during the 4th quarter. Texas Permanent School Fund now owns 29,991 shares of the financial services provider’s stock worth $956,000 after buying an additional 1,223 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of ServisFirst Bancshares during the 4th quarter worth $555,000. 47.30% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.

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