Piper Sandler Issues Positive Forecast for ServisFirst Bancshares (NYSE:SFBS) Stock Price

ServisFirst Bancshares (NYSE:SFBSGet Free Report) had its price target increased by equities researchers at Piper Sandler from $95.00 to $96.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price indicates a potential upside of 4.76% from the stock’s previous close.

Several other equities analysts have also weighed in on SFBS. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Hovde Group raised their target price 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.

Check Out Our Latest Research Report on SFBS

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $91.64 on Tuesday. The company has a 50-day simple moving average of $89.80 and a 200-day simple moving average of $84.41. ServisFirst Bancshares has a 52-week low of $58.05 and a 52-week high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.00 billion, a PE ratio of 24.50 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBSGet Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same period last year, the company posted $0.91 EPS. Equities research analysts predict that ServisFirst Bancshares will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServisFirst Bancshares

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of ServisFirst Bancshares during the 2nd quarter valued at about $1,984,000. Bank of Montreal Can lifted its position in ServisFirst Bancshares by 18.3% in the second quarter. Bank of Montreal Can now owns 24,499 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 3,791 shares during the period. Marshall Wace LLP bought a new stake in ServisFirst Bancshares in the 2nd quarter valued at $2,700,000. Cubist Systematic Strategies LLC bought a new position in shares of ServisFirst Bancshares during the 2nd quarter worth about $807,000. Finally, AQR Capital Management LLC acquired a new stake in shares of ServisFirst Bancshares during the 2nd quarter valued at about $253,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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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