ServisFirst Bancshares (NYSE:SFBS - Get Free Report) had its price target cut by equities researchers at Piper Sandler from $96.00 to $84.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. Piper Sandler's price target suggests a potential upside of 19.79% from the company's previous close.
Separately, StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th.
Check Out Our Latest Analysis on ServisFirst Bancshares
ServisFirst Bancshares Trading Up 0.9 %
Shares of SFBS stock traded up $0.62 on Tuesday, reaching $70.12. The company had a trading volume of 167,452 shares, compared to its average volume of 224,653. The company has a 50-day moving average of $80.87 and a 200-day moving average of $86.20. ServisFirst Bancshares has a 12 month low of $58.43 and a 12 month high of $101.37. The stock has a market cap of $3.83 billion, a PE ratio of 16.92 and a beta of 0.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $134.13 million. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the prior year, the business earned $0.94 earnings per share. On average, equities analysts forecast that ServisFirst Bancshares will post 5.17 earnings per share for the current year.
Insider Activity at ServisFirst Bancshares
In other news, Director Christopher J. Mettler sold 18,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the sale, the director now owns 17,436 shares of the company's stock, valued at $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.40% of the stock is owned by insiders.
Institutional Investors Weigh In On ServisFirst Bancshares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFBS. Precision Wealth Strategies LLC grew its holdings in shares of ServisFirst Bancshares by 5.0% in the 1st quarter. Precision Wealth Strategies LLC now owns 7,709 shares of the financial services provider's stock valued at $637,000 after acquiring an additional 364 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of ServisFirst Bancshares by 20.6% during the 1st quarter. Handelsbanken Fonder AB now owns 14,023 shares of the financial services provider's stock worth $1,158,000 after purchasing an additional 2,400 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of ServisFirst Bancshares during the 1st quarter worth approximately $991,000. Butensky & Cohen Financial Security Inc. bought a new position in shares of ServisFirst Bancshares in the first quarter valued at $480,000. Finally, GAMMA Investing LLC increased its holdings in ServisFirst Bancshares by 2,878.9% during the first quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider's stock worth $11,592,000 after buying an additional 135,626 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
(
Get Free Report)
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.
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