ServisFirst Bancshares (NYSE:SFBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

ServisFirst Bancshares (NYSE:SFBS) had its target price increased by investment analysts at Piper Sandler from $95.00 to $96.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 4.76% from the stock’s previous close.

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

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock opened at $91.64 on Tuesday. The business’s 50 day simple moving average is $89.80 and its two-hundred day simple moving average is $84.41. ServisFirst Bancshares has a one year low of $58.05 and a one year high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $5.00 billion, a P/E ratio of 24.50 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.91 EPS. Analysts forecast that ServisFirst Bancshares will post 4.09 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in ServisFirst Bancshares by 2,704.5% in the 3rd quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider’s stock worth $33,428,000 after purchasing an additional 400,694 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in ServisFirst Bancshares during the third quarter worth about $10,507,000. Sanctuary Advisors LLC acquired a new stake in ServisFirst Bancshares in the 2nd quarter valued at approximately $7,181,000. Stonegate Investment Group LLC grew its stake in shares of ServisFirst Bancshares by 13.5% in the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock valued at $80,280,000 after buying an additional 112,521 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in ServisFirst Bancshares by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider’s stock worth $83,466,000 after purchasing an additional 108,088 shares during the period. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Company Profile

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.