ServisFirst Bancshares (NYSE:SFBS) Rating Lowered to Outperform at Raymond James Financial

ServisFirst Bancshares (NYSE:SFBS – Get Free Report) was downgraded by research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $45.00 target price on the financial services provider’s stock, down from their previous target price of $50.00. Raymond James Financial’s price objective would indicate a potential upside of 17.75% from the stock’s previous close.

SFBS has been the topic of several other research reports. Wall Street Zen downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Piper Sandler lowered their target price on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. Finally, Weiss Ratings downgraded ServisFirst Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.50.

View Our Latest Stock Analysis on ServisFirst Bancshares

ServisFirst Bancshares Stock Performance

NYSE:SFBS opened at $38.22 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $4.18 billion, a P/E ratio of 13.02 and a beta of 0.91. The company has a 50 day moving average price of $42.72 and a 200 day moving average price of $41.00. ServisFirst Bancshares has a fifty-two week low of $33.60 and a fifty-two week high of $46.04.

ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last announced its earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The company had revenue of $168.53 million for the quarter, compared to analyst estimates of $167.85 million. Equities research analysts forecast that ServisFirst Bancshares will post 3.21 EPS for the current year.

Institutional Trading of ServisFirst Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ServisFirst Bancshares during the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of ServisFirst Bancshares during the 2nd quarter worth $32,000. Public Employees Retirement System of Ohio acquired a new position in shares of ServisFirst Bancshares during the second quarter worth $34,000. Global Retirement Partners LLC purchased a new position in ServisFirst Bancshares in the second quarter valued at $43,000. Finally, Quantbot Technologies LP acquired a new stake in ServisFirst Bancshares in the second quarter valued at $95,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

(Get Free Report)

ServisFirst Bancshares, Inc is the bank holding company for ServisFirst Bank, a regional financial institution headquartered in Birmingham, Alabama. Founded in 2005, the company provides banking services primarily to businesses, professionals, and individuals through a relationship-focused operating model.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash-management and treasury services, online and mobile banking, mortgage lending, and wealth-management solutions.

Further Reading

Analyst Recommendations for ServisFirst Bancshares (NYSE:SFBS)

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