ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has received an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.50.
A number of research analysts recently commented on SFBS shares. Hovde Group upgraded ServisFirst Bancshares from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a research note on Tuesday, April 18th. Stephens restated a “hold” rating on shares of ServisFirst Bancshares in a research note on Tuesday, April 18th. BidaskClub downgraded ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th.
ServisFirst Bancshares (NASDAQ:SFBS) opened at 34.09 on Tuesday. The stock’s 50 day moving average is $36.37 and its 200-day moving average is $37.52. ServisFirst Bancshares has a 12 month low of $24.69 and a 12 month high of $42.66. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 20.66 and a beta of 1.38.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $60.37 million for the quarter, compared to analyst estimates of $60.33 million. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 40.03%. On average, equities research analysts expect that ServisFirst Bancshares will post $1.80 earnings per share 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 paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. ServisFirst Bancshares’s payout ratio is currently 12.05%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in ServisFirst Bancshares by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,942 shares of the financial services provider’s stock valued at $441,000 after buying an additional 31 shares during the last quarter. State of Alaska Department of Revenue boosted its position 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. Municipal Employees Retirement System of Michigan boosted its position in ServisFirst Bancshares by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,100 shares of the financial services provider’s stock valued at $367,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in ServisFirst Bancshares by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the financial services provider’s stock valued at $658,000 after buying an additional 300 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in ServisFirst Bancshares by 1.3% in the first quarter. Arizona State Retirement System now owns 23,100 shares of the financial services provider’s stock valued at $840,000 after buying an additional 300 shares during the last quarter. 43.39% of the stock is owned by institutional investors.
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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