ServisFirst Bancshares (NYSE:SFBS) Stock Rating Upgraded by StockNews.com

ServisFirst Bancshares (NYSE:SFBS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

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

ServisFirst Bancshares Stock Performance

Shares of ServisFirst Bancshares stock opened at $84.32 on Friday. ServisFirst Bancshares has a 12 month low of $58.05 and a 12 month high of $101.37. The stock’s fifty day simple moving average is $91.26 and its 200 day simple moving average is $81.07. The company has a market capitalization of $4.60 billion, a PE ratio of 22.55 and a beta of 0.88. 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) last issued its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. The company had revenue of $256.53 million during the quarter, compared to analysts’ expectations of $120.70 million. During the same period last year, the business earned $0.98 EPS. On average, research analysts predict that ServisFirst Bancshares will post 4.09 EPS for the current year.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, SVP Henry Fulbrook Abbott sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $85.20, for a total value of $85,200.00. Following the completion of the sale, the senior vice president now owns 8,501 shares of the company’s stock, valued at approximately $724,285.20. This trade represents a 10.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Institutional Trading of ServisFirst Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its holdings in shares of ServisFirst Bancshares by 2.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 128 shares during the period. Cetera Investment Advisers raised its stake in shares of ServisFirst Bancshares by 0.6% in the second quarter. Cetera Investment Advisers now owns 32,215 shares of the financial services provider’s stock valued at $2,036,000 after buying an additional 196 shares during the period. Creative Planning raised its stake in shares of ServisFirst Bancshares by 6.5% in the third quarter. Creative Planning now owns 3,383 shares of the financial services provider’s stock valued at $272,000 after buying an additional 205 shares during the period. Inspire Investing LLC lifted its position in shares of ServisFirst Bancshares by 3.9% during the 2nd quarter. Inspire Investing LLC now owns 5,553 shares of the financial services provider’s stock valued at $351,000 after buying an additional 206 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of ServisFirst Bancshares by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 43,131 shares of the financial services provider’s stock worth $2,725,000 after acquiring an additional 254 shares during the period. Hedge funds and other 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.