Zacks Investment Research cuts ServisFirst Banc (NASDAQ:SFBS) shares to hold

ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Wednesday, reports.

According to Zacks, “ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides financial services to businesses and individuals. 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.”

NASDAQ:SFBS shares opened at $95.27 on Wednesday. The company’s 50-day moving average price is $87.12 and its 200-day moving average price is $83.44. ServisFirst Bancshares has a 12-month low of $58.95 and a 12-month high of $96.40. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt ratio of 0.06. The stock has a market capitalization of $5.17 billion, a PE ratio of 24.94 and a beta of 1.00.

ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) last released its quarterly earnings data on Monday, January 24. The financial services provider reported earnings per share of $1.03 for the quarter, beating Thomson Reuters consensus estimate of $0.98 by $0.05. ServisFirst Bancshares posted a net margin of 46.19% and a return on equity of 19.22%. The company posted revenue of $108.52 million for the quarter, compared to $108.08 million expected by analysts. In the same quarter of the previous year, the company had achieved EPS of $0.94. Analysts expect ServisFirst Bancshares to post earnings per share of 4.11 for the current financial year.

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Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. The Public Employees Retirement System of Ohio increased its stake in ServisFirst Bancshares by 33.7% during the 4th quarter. The Ohio Public Employees Retirement System now owns 770 shares of the financial services provider worth $65,000 after buying 194 more shares last quarter. Vaughan Nelson Investment Management LP acquired a new stake in ServisFirst Bancshares during Q3, valued at approximately $75,000. Consolidated Planning Corp bought a new stake in ServisFirst Bancshares during Q3, valued at around $78,000. Advisor Group Holdings Inc. increased its stake in ServisFirst Bancshares by 29.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,169 shares of the financial services provider valued at $99,000 after buying 267 additional shares last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in ServisFirst Bancshares during Q4, valued at approximately $133,000. Institutional investors hold 61.47% of the company’s shares.

About ServisFirst Bancshares (Get a rating)

ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. 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 loan products, such as seasonal, bridging and term loans for working capital, business expansion, 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, deposit-backed loans, and secured and unsecured personal loans.

Further reading

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