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

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

A number of other research firms also recently weighed in on SFBS. Hovde Group increased their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research 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 Stock Up 4.0 %

ServisFirst Bancshares stock opened at $93.29 on Tuesday. ServisFirst Bancshares has a fifty-two week low of $58.05 and a fifty-two week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $89.85 and its 200 day simple moving average is $84.19. The stock has a market cap of $5.09 billion, a PE ratio of 24.79 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping 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 quarter in the previous year, the business posted $0.91 EPS. Research analysts predict that ServisFirst Bancshares will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On ServisFirst Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its holdings in shares of ServisFirst Bancshares by 2.4% in the third quarter. Orion Portfolio Solutions LLC now owns 5,569 shares of the financial services provider’s stock worth $448,000 after acquiring an additional 128 shares during the period. Precision Wealth Strategies LLC boosted its stake in ServisFirst Bancshares by 1.8% in the 4th quarter. Precision Wealth Strategies LLC now owns 7,345 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 133 shares during the period. Cetera Investment Advisers grew its holdings in ServisFirst Bancshares by 0.6% during the 2nd 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 in the last quarter. Creative Planning increased its position in shares of ServisFirst Bancshares by 6.5% during 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. Finally, Raymond James Trust N.A. lifted its holdings in shares of ServisFirst Bancshares by 5.7% in the third quarter. Raymond James Trust N.A. now owns 4,853 shares of the financial services provider’s stock worth $390,000 after buying an additional 263 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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.