ServisFirst Bancshares (NYSE:SFBS) Upgraded to "Hold" at StockNews.com

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Sunday.

Other analysts have also recently issued research reports about the stock. Hovde Group lifted their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Piper Sandler lifted their price target on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Stock Performance

Shares of NYSE:SFBS traded up $0.73 during trading on Friday, reaching $84.32. 158,551 shares of the stock were exchanged, compared to its average volume of 244,126. The firm has a market cap of $4.60 billion, a PE ratio of 22.55 and a beta of 0.91. 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 has a 12 month low of $58.05 and a 12 month high of $101.37. The stock has a 50-day moving average price of $91.26 and a 200-day moving average price of $81.22.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The business had revenue of $256.53 million during the quarter, compared to the consensus estimate of $120.70 million. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period in the previous year, the company posted $0.98 EPS. Research analysts expect that ServisFirst Bancshares will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at ServisFirst Bancshares

In related news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total transaction of $85,200.00. Following the completion of the sale, the senior vice president now directly owns 8,501 shares in the company, valued at $724,285.20. This represents a 10.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of ServisFirst Bancshares by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider's stock worth $93,126,000 after buying an additional 23,555 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ServisFirst Bancshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,230,925 shares of the financial services provider's stock worth $77,775,000 after acquiring an additional 36,302 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in ServisFirst Bancshares by 42.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 156,633 shares of the financial services provider's stock worth $9,898,000 after purchasing an additional 46,469 shares in the last quarter. Savant Capital LLC raised its position in ServisFirst Bancshares by 286.8% in the second quarter. Savant Capital LLC now owns 64,066 shares of the financial services provider's stock valued at $4,048,000 after purchasing an additional 47,502 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of ServisFirst Bancshares during the second quarter valued at about $408,000. 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.