Shares of ServisFirst Bancshares Inc. (NASDAQ:SFBS) have received a consensus broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.
Brokers have set a twelve-month consensus price target of $48.50 for the company and are anticipating that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also given ServisFirst Bancshares an industry rank of 164 out of 265 based on the ratings given to its competitors.
SFBS has been the topic of several analyst reports. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded up 1.64% during mid-day trading on Tuesday, hitting $51.33. 16,319 shares of the stock traded hands. The firm has a 50 day moving average of $51.58 and a 200 day moving average of $49.05. ServisFirst Bancshares has a 12 month low of $34.12 and a 12 month high of $53.58. The company has a market cap of $1.35 billion, a P/E ratio of 18.27 and a beta of 1.19.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. Equities analysts anticipate that ServisFirst Bancshares will post $2.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Tuesday, October 4th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.63%. ServisFirst Bancshares’s dividend payout ratio is presently 11.76%.
In related news, EVP Rex D. Mckinney sold 48,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $50.32, for a total transaction of $2,415,360.00. Following the sale, the executive vice president now owns 28,000 shares in the company, valued at $1,408,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 14.28% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SFBS. BlackRock Fund Advisors raised its stake in ServisFirst Bancshares by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,403,955 shares of the financial services provider’s stock valued at $69,341,000 after buying an additional 837,607 shares in the last quarter. Vanguard Group Inc. raised its stake in ServisFirst Bancshares by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,007,306 shares of the financial services provider’s stock valued at $49,751,000 after buying an additional 221,357 shares in the last quarter. State Street Corp raised its stake in ServisFirst Bancshares by 18.1% in the second quarter. State Street Corp now owns 523,988 shares of the financial services provider’s stock valued at $25,880,000 after buying an additional 80,336 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in ServisFirst Bancshares by 32.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 471,685 shares of the financial services provider’s stock valued at $23,297,000 after buying an additional 114,565 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in ServisFirst Bancshares by 569.9% in the second quarter. Royal Bank of Canada now owns 368,850 shares of the financial services provider’s stock valued at $18,217,000 after buying an additional 313,789 shares in the last quarter. Institutional investors own 34.03% of the company’s stock.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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