Piper Sandler Boosts ServisFirst Bancshares (NYSE:SFBS) Price Target to $96.00

ServisFirst Bancshares (NYSE:SFBS) had its price target boosted by analysts at Piper Sandler from $95.00 to $96.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 2.91% from the company’s previous close.

Other equities analysts have also issued reports about the company. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Hovde Group increased 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 report on Tuesday, October 22nd.

ServisFirst Bancshares Trading Up 4.0 %

Shares of SFBS opened at $93.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares has a 52-week low of $58.05 and a 52-week high of $101.37. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 24.79 and a beta of 0.91. The business’s fifty day moving average is $89.85 and its 200-day moving average is $84.19.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share 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 business earned $0.91 EPS. Equities analysts anticipate that ServisFirst Bancshares will post 4.09 EPS for the current fiscal year.

Institutional Trading of ServisFirst Bancshares

Several hedge funds have recently modified their holdings of SFBS. State Street Corp raised its position in shares of ServisFirst Bancshares by 2.6% during the third quarter. State Street Corp now owns 2,377,138 shares of the financial services provider’s stock worth $191,241,000 after purchasing an additional 60,683 shares during the period. Geode Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,157,350 shares of the financial services provider’s stock valued at $93,126,000 after buying an additional 23,555 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 valued at $83,466,000 after buying an additional 108,088 shares during the last quarter. Stonegate Investment Group LLC increased its position in shares of ServisFirst Bancshares by 13.5% during the fourth quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider’s stock worth $80,280,000 after acquiring an additional 112,521 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of ServisFirst Bancshares by 13.4% in the 3rd quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider’s stock worth $56,983,000 after acquiring an additional 83,804 shares during the last quarter. 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.