Several brokerages have updated their recommendations and price targets on shares of ServisFirst Bancshares (NASDAQ: SFBS) in the last few weeks:

  • 8/10/2019 – ServisFirst Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2019 – ServisFirst Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
  • 7/27/2019 – ServisFirst Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/26/2019 – ServisFirst Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
  • 7/18/2019 – ServisFirst Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/11/2019 – ServisFirst Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
  • 7/3/2019 – ServisFirst Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “
  • 6/28/2019 – ServisFirst Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/19/2019 – ServisFirst Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama. “

SFBS stock opened at $30.95 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $1.65 billion, a PE ratio of 12.23 and a beta of 1.30. The stock’s 50 day moving average is $32.99. ServisFirst Bancshares, Inc. has a 52 week low of $29.90 and a 52 week high of $44.06.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $75.86 million for the quarter, compared to analyst estimates of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%. On average, analysts predict that ServisFirst Bancshares, Inc. will post 2.63 EPS for the current fiscal year.

In related news, EVP Bradford Alan Vieira sold 16,484 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $33.20, for a total transaction of $547,268.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.56% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SFBS. Signaturefd LLC bought a new position in ServisFirst Bancshares during the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in ServisFirst Bancshares during the first quarter valued at approximately $35,000. Denali Advisors LLC bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $123,000. Aperio Group LLC bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $130,000. Finally, Acadian Asset Management LLC bought a new position in ServisFirst Bancshares during the second quarter valued at approximately $143,000. 46.83% of the stock is currently owned by hedge funds and other institutional investors.

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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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