The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) hit a new 52-week high and has $79.65 target or 9.00% above today’s $73.07 share price. The 6 months bullish chart indicates low risk for the $1.91B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $79.65 price target is reached, the company will be worth $171.90M 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 110,929 shares traded hands or 3.64% up from the average. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 43.51% since April 26, 2016 and is uptrending. It has outperformed by 38.25% the S&P500.
Analysts await ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to report earnings on January, 23. They expect $0.70 earnings per share, down 5.41% or $0.04 from last year’s $0.74 per share. SFBS’s profit will be $18.30 million for 26.10 P/E if the $0.70 EPS becomes a reality. After $0.78 actual earnings per share reported by ServisFirst Bancshares, Inc. for the previous quarter, Wall Street now forecasts -10.26% negative EPS growth.
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Ratings Coverage
Out of 3 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. ServisFirst Bancshares has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Raymond James upgraded ServisFirst Bancshares, Inc. (NASDAQ:SFBS) on Tuesday, August 25 to “Outperform” rating. The company was downgraded on Thursday, October 1 by Sandler O’Neill. The firm has “Market Perform” rating by Raymond James given on Tuesday, October 18. Raymond James downgraded the shares of SFBS in a report on Monday, October 5 to “Outperform” rating. Hovde Group maintained the shares of SFBS in a report on Tuesday, October 18 with “Market Perform” rating. Hovde Group downgraded the shares of SFBS in a report on Tuesday, October 13 to “Market Perform” rating. Hovde Group downgraded ServisFirst Bancshares, Inc. (NASDAQ:SFBS) on Friday, November 18 to “Underperform” rating.
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.”
Another recent and important ServisFirst Bancshares, Inc. (NASDAQ:SFBS) news was published by Prnewswire.com which published an article titled: “ServisFirst Bancshares, Inc. Announces Two-For-One Stock Split” on November 16, 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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