Price Action Report: ServisFirst Bancshares, Inc. on Focus After Trading At 52-Week Highs

Price Action Report: ServisFirst Bancshares, Inc. on Focus After Trading At 52 Week Highs

The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) hit a new 52-week high and has $71.82 target or 34.00% above today’s $53.60 share price. The 5 months bullish chart indicates low risk for the $1.40B company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $71.82 price target is reached, the company will be worth $476.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 41,436 shares traded hands. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 21.28% since March 31, 2016 and is uptrending. It has outperformed by 18.76% 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. On Thursday, October 1 the stock rating was downgraded by Sandler O’Neill to “Hold”. The firm earned “Market Perform” rating on Tuesday, October 13 by Hovde Group. The firm has “Outperform” rating by Raymond James given on Tuesday, August 25. On Monday, October 5 the stock rating was downgraded by Raymond James to “Outperform”. The company was downgraded on Tuesday, October 18 by Raymond James. Hovde Group maintained it with “Market Perform” rating and $55.50 target price in Tuesday, October 18 report.

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 Forbes.com with their article: “Ex-Dividend Reminder: Apple Hospitality REIT, ServisFirst Bancshares and Bank …” published on September 28, 2016, Prnewswire.com published: “ServisFirst Bancshares, Inc. to Announce Third Quarter 2016 Financial Results …” on September 30, 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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