ServisFirst Bancshares Inc. (NYSE: SFBS) is -16.41% lower on its value in year-to-date trading and has touched a low of $52.72 and a high of $97.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SFBS stock was last observed hovering at around $56.28 in the last trading session, with the day’s gains setting it 1.32% off its average median price target of $74.00 for the next 12 months. It is also 26.15% off the consensus price target high of $78.00 offered by 3 analysts, but current levels are 14.03% higher than the price target low of $67.00 for the same period.
Currently trading at $57.60, the stock is -17.90% and -17.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing 2.35% at the moment leaves the stock -25.34% off its SMA200. SFBS registered -35.64% loss for a year compared to 6-month loss of -30.64%.
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The stock witnessed a -20.82% gain in the last 1 month and extending the period to 3 months gives it a -21.06%, and is -16.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.35% over the week and 4.03% over the month.
ServisFirst Bancshares Inc. (SFBS) has around 571 employees, a market worth around $3.21B and $559.30M in sales. Current P/E ratio is 12.49 and Fwd P/E is 12.62. Profit margin for the company is 45.00%. Distance from 52-week low is 9.26% and -40.77% from its 52-week high. The company has generated returns on investments over the last 12 months (27.60%).
ServisFirst Bancshares Inc. (SFBS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ServisFirst Bancshares Inc. (SFBS) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ServisFirst Bancshares Inc. is expected to release its quarterly report on 04/17/2023.The EPS is expected to grow by 20.90% this year
ServisFirst Bancshares Inc. (SFBS) Top Institutional Holders
The shares outstanding are 54.33M, and float is at 49.83M with Short Float at 5.08%.
ServisFirst Bancshares Inc. (SFBS) Insider Activity
A total of 4 insider transactions have happened at ServisFirst Bancshares Inc. (SFBS) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider purchase by Filler James J, the company’s Director. SEC filings show that Filler James J bought 2,500 shares of the company’s common stock on Mar 14 at a price of $56.28 per share for a total of $0.14 million. Following the purchase, the insider now owns 1.37 million shares.
ServisFirst Bancshares Inc. disclosed in a document filed with the SEC on Mar 14 that Filler James J (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 14 and was made at $55.99 per share for $0.14 million. Following the transaction, the insider now directly holds 2500.0 shares of the SFBS stock.
Still, SEC filings show that on Oct 21, BROUGHTON THOMAS A (Chairman, President, and CEO) acquired 196 shares at an average price of $69.97 for $13714.0. The insider now directly holds 54,986 shares of ServisFirst Bancshares Inc. (SFBS).
ServisFirst Bancshares Inc. (SFBS): Who are the competitors?
The company’s main competitors (and peers) include Renasant Corporation (RNST) that is trading -12.11% down over the past 12 months and Community Trust Bancorp Inc. (CTBI) that is -7.51% lower over the same period. Cadence Bank (CADE) is -28.48% down on the 1-year trading charts.
