ServisFirst Bancshares (NYSE:SFBS – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.
A number of other brokerages have also recently commented on SFBS. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $45.50 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $47.67.
View Our Latest Stock Analysis on SFBS
ServisFirst Bancshares Stock Down 0.3%
ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The firm had revenue of $168.53 million for the quarter, compared to the consensus estimate of $167.85 million. Equities research analysts expect that ServisFirst Bancshares will post 3.23 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP lifted its position in ServisFirst Bancshares by 17.9% in the second quarter. Corient Private Wealth LP now owns 3,501 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 532 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at approximately $737,000. California State Teachers Retirement System boosted its stake in shares of ServisFirst Bancshares by 8,886.1% in the second quarter. California State Teachers Retirement System now owns 5,162,579 shares of the financial services provider’s stock valued at $447,854,000 after buying an additional 5,105,128 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of ServisFirst Bancshares in the second quarter valued at approximately $32,000. Finally, HB Wealth Management LLC boosted its position in shares of ServisFirst Bancshares by 6.9% during the 2nd quarter. HB Wealth Management LLC now owns 20,952 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 1,353 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.
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.
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