ServisFirst Bancshares (NYSE:SFBS – Free Report) had its target price decreased by Piper Sandler from $47.00 to $46.00 in a research report sent to investors on Friday,Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.
Several other research firms have also issued reports on SFBS. Wall Street Zen lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings downgraded ServisFirst Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $47.33.
Read Our Latest Research Report on SFBS
ServisFirst Bancshares Trading Up 0.1%
ServisFirst Bancshares (NYSE:SFBS – Get Free Report) last announced its quarterly earnings data 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 net margin of 30.95% and a return on equity of 17.42%. The company had revenue of $168.53 million during the quarter, compared to analysts’ expectations of $167.85 million. On average, analysts expect that ServisFirst Bancshares will post 3.23 EPS for the current year.
ServisFirst Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. ServisFirst Bancshares’s payout ratio is currently 25.94%.
Institutional Investors Weigh In On ServisFirst Bancshares
A number of hedge funds have recently added to or reduced their stakes in SFBS. BlackRock Inc. bought a new position in shares of ServisFirst Bancshares in the second quarter worth about $670,908,000. Davis Asset Management L.P. acquired a new position in shares of ServisFirst Bancshares during the second quarter worth approximately $78,975,000. Copeland Capital Management LLC bought a new stake in shares of ServisFirst Bancshares during the first quarter valued at approximately $54,879,000. Norges Bank bought a new stake in shares of ServisFirst Bancshares during the fourth quarter valued at approximately $47,908,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of ServisFirst Bancshares in the first quarter valued at approximately $33,348,000. Institutional investors own 67.31% of the company’s stock.
About ServisFirst Bancshares
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.
See Also
- Five stocks we like better than ServisFirst Bancshares
- Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam?
- The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It
- McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers?
- MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?
Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
