ServisFirst Bancshares (NYSE:SFBS) Stock Price Target Lowered at Piper Sandler

ServisFirst Bancshares (NYSE:SFBS) had its price target decreased by stock analysts at Piper Sandler from $47.00 to $46.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 14.73% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered ServisFirst Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 24th. Wall Street Zen downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $47.33.

ServisFirst Bancshares Stock Performance

Shares of NYSE SFBS traded up $0.34 during midday trading on Friday, hitting $40.09. 61,283 shares of the company’s stock traded hands, compared to its average volume of 606,311. The firm has a fifty day moving average of $43.14 and a 200 day moving average of $40.93. ServisFirst Bancshares has a 1 year low of $33.60 and a 1 year high of $46.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.70 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. The company had revenue of $168.53 million during the quarter, compared to analyst estimates of $167.85 million. On average, analysts forecast that ServisFirst Bancshares will post 3.23 earnings per share for the current year.

Institutional Trading of ServisFirst Bancshares

A number of large investors have recently made changes to their positions in SFBS. BlackRock Inc. bought a new stake in ServisFirst Bancshares during the second quarter worth approximately $670,908,000. Davis Asset Management L.P. bought a new stake in shares of ServisFirst Bancshares in the 2nd quarter valued at approximately $78,975,000. Copeland Capital Management LLC purchased a new position in shares of ServisFirst Bancshares in the 1st quarter worth approximately $54,879,000. Norges Bank purchased a new position in shares of ServisFirst Bancshares in the 4th quarter worth approximately $47,908,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of ServisFirst Bancshares during the 1st quarter valued at approximately $33,348,000. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is the bank holding company for ServisFirst Bank, a regional financial institution headquartered in Birmingham, Alabama. Founded in 2005, the company provides banking services primarily to businesses, professionals, and individuals through a relationship-focused operating model.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash-management and treasury services, online and mobile banking, mortgage lending, and wealth-management solutions.