ServisFirst Bancshares (NYSE:SFBS) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

ServisFirst Bancshares, Inc. (NYSE:SFBSGet Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $76.31 and traded as low as $75.41. ServisFirst Bancshares shares last traded at $75.4690, with a volume of 227,512 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research downgraded ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Hovde Group increased their target price on ServisFirst Bancshares from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Piper Sandler increased their target price on ServisFirst Bancshares from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

Check Out Our Latest Report on SFBS

ServisFirst Bancshares Trading Down 1.8%

The stock has a market capitalization of $4.13 billion, a PE ratio of 13.92 and a beta of 0.90. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $76.22 and a 200-day moving average price of $76.31.

ServisFirst Bancshares (NYSE:SFBSGet Free Report) last released its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million for the quarter, compared to the consensus estimate of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. Sell-side analysts expect that ServisFirst Bancshares, Inc. will post 6.4 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Wednesday, April 1st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, April 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is 28.04%.

Hedge Funds Weigh In On ServisFirst Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of ServisFirst Bancshares by 214.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 311 shares of the financial services provider’s stock worth $25,000 after buying an additional 212 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 288 shares during the period. State of Wyoming bought a new position in ServisFirst Bancshares in the 2nd quarter worth $29,000. Danske Bank A S bought a new position in ServisFirst Bancshares in the 3rd quarter worth $32,000. Finally, Fifth Third Bancorp raised its holdings in ServisFirst Bancshares by 105.1% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 290 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

About ServisFirst Bancshares

(Get Free Report)

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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