ServisFirst Bancshares (NYSE:SFBS) Price Target Raised to $96.00

ServisFirst Bancshares (NYSE:SFBS) had its price objective raised by Piper Sandler from $95.00 to $96.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on SFBS. Hovde Group raised their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th.

ServisFirst Bancshares Trading Down 1.0 %

Shares of SFBS opened at $90.33 on Tuesday. ServisFirst Bancshares has a twelve month low of $58.05 and a twelve month high of $101.37. The stock has a market cap of $4.93 billion, a PE ratio of 24.15 and a beta of 0.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $89.74 and its 200-day moving average price is $84.45.

ServisFirst Bancshares (NYSE:SFBS) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the firm posted $0.91 EPS. On average, equities analysts forecast that ServisFirst Bancshares will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a $0.335 dividend. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.48%. ServisFirst Bancshares’s payout ratio is presently 35.83%.

Hedge Funds Weigh In On ServisFirst Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in ServisFirst Bancshares during the 2nd quarter worth approximately $1,984,000. Bank of Montreal Can boosted its stake in shares of ServisFirst Bancshares by 18.3% during the second quarter. Bank of Montreal Can now owns 24,499 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 3,791 shares during the period. Marshall Wace LLP bought a new position in shares of ServisFirst Bancshares in the second quarter worth approximately $2,700,000. Cubist Systematic Strategies LLC purchased a new position in shares of ServisFirst Bancshares in the second quarter worth $807,000. Finally, AQR Capital Management LLC bought a new stake in ServisFirst Bancshares during the 2nd quarter valued at $253,000. Institutional investors own 67.31% of the company’s stock.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.