Stock On Watch: ServisFirst Bancshares, Inc. Just Reaches Record High?

Stock On Watch: ServisFirst Bancshares, Inc. Just Reaches Record High?

The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) reached all time high today, Oct, 31 and still has $75.95 target or 40.00% above today’s $54.25 share price. This indicates more upside for the $1.42 billion company. This technical setup was reported by Barchart.com. If the $75.95 PT is reached, the company will be worth $568.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 26,935 shares traded hands. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 24.67% since March 29, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Ratings Coverage

Out of 3 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. ServisFirst Bancshares has been the topic of 7 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Monday, October 5, the company rating was downgraded by Raymond James. As per Thursday, October 1, the company rating was downgraded by Sandler O’Neill. The firm has “Market Perform” rating given on Tuesday, October 18 by Raymond James. As per Tuesday, August 25, the company rating was upgraded by Raymond James. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) earned “Market Perform” rating by Hovde Group on Tuesday, October 18. The firm has “Market Perform” rating given on Tuesday, October 13 by Hovde Group.

According to Zacks Investment Research, “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.”

More notable recent ServisFirst Bancshares, Inc. (NASDAQ:SFBS) news were published by: Prnewswire.com which released: “ServisFirst Bancshares, Inc. Announces Results For Third Quarter Of 2016” on October 17, 2016, also Prnewswire.com with their article: “ServisFirst Bancshares, Inc. to Announce Third Quarter 2016 Financial Results …” published on September 30, 2016, Forbes.com published: “Ex-Dividend Reminder: Apple Hospitality REIT, ServisFirst Bancshares and Bank …” on September 28, 2016. More interesting news about ServisFirst Bancshares, Inc. (NASDAQ:SFBS) were released by: Prnewswire.com and their article: “ServisFirst Bancshares, Inc. Earns Sandler O’Neill’s Sm-All Star Award For …” published on September 26, 2016 as well as Nasdaq.com‘s news article titled: “ServisFirst Bancshares, Inc. (SFBS) Ex-Dividend Date Scheduled for September …” with publication date: September 29, 2016.

SFBS Company Profile

ServisFirst Bancshares, Inc., incorporated on August 16, 2007, is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices located in Jefferson, Shelby, Madison, Montgomery, Houston and Mobile Counties of Alabama, Escambia County, Florida, Cobb and Douglas Counties of Georgia, Charleston County of South Carolina and Davidson County, Tennessee in the metropolitan statistical areas (MSAs) of Birmingham-Hoover, Huntsville, Montgomery, Dothan and Mobile, Alabama, Pensacola-Ferry Pass-Brent, Florida, Atlanta-Sandy Springs-Roswell, Georgia, Charleston-North Charleston, South Carolina and Nashville-Davidson-Murfreesboro-Franklin, Tennessee. 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. The Firm also offers a range of services and products, including around the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler’s checks, safe deposit boxes, attorney trust accounts and automatic account transfers. It also participates in a shared network of automated teller machines (ATMs) and a debit card system that its clients are able to use throughout Alabama and in other states. Additionally, it offers Visa credit cards.

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