ServisFirst Bancshares (NYSE:SFBS – Free Report) had its price target upped by Piper Sandler from $91.00 to $94.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.
A number of other research firms have also issued reports on SFBS. Zacks Research lowered ServisFirst Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $95.33.
Read Our Latest Report on SFBS
ServisFirst Bancshares Price Performance
ServisFirst Bancshares shares are scheduled to split before the market opens on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, August 20th.
ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The financial services provider reported $1.57 EPS for the quarter, hitting the consensus estimate of $1.57. The company had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. Equities analysts forecast that ServisFirst Bancshares will post 6.46 EPS for the current year.
ServisFirst Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.52 annualized dividend and a dividend yield of 1.7%. ServisFirst Bancshares’s payout ratio is presently 25.89%.
Institutional Investors Weigh In On ServisFirst Bancshares
Several hedge funds have recently bought and sold shares of SFBS. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ServisFirst Bancshares by 6.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,094 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 125 shares during the last quarter. CWM LLC raised its holdings in ServisFirst Bancshares by 17.3% during the 4th quarter. CWM LLC now owns 955 shares of the financial services provider’s stock valued at $69,000 after buying an additional 141 shares during the last quarter. Mackenzie Financial Corp raised its holdings in ServisFirst Bancshares by 4.9% during the 4th quarter. Mackenzie Financial Corp now owns 3,234 shares of the financial services provider’s stock valued at $234,000 after buying an additional 152 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in ServisFirst Bancshares by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,394 shares of the financial services provider’s stock valued at $531,000 after buying an additional 170 shares during the period. Finally, Lido Advisors LLC boosted its position in ServisFirst Bancshares by 3.9% during the 4th quarter. Lido Advisors LLC now owns 4,769 shares of the financial services provider’s stock valued at $374,000 after buying an additional 179 shares during the period. 67.31% of the stock is currently owned by institutional investors.
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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