Breaking: Could ServisFirst Bancshares, Inc. See a Reversal After Breaking Its 52-Week High?

Breaking: Could ServisFirst Bancshares, Inc. See a Reversal After Breaking Its 52 Week High?

The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) hit a new 52-week high and has $84.84 target or 26.00% above today’s $67.33 share price. The 7 months bullish chart indicates low risk for the $1.79 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $84.84 price target is reached, the company will be worth $465.40M 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 36,534 shares traded hands. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 34.70% since April 19, 2016 and is uptrending. It has outperformed by 30.84% the S&P500.

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. The firm has “Outperform” rating by Raymond James given on Monday, October 5. Hovde Group downgraded the shares of SFBS in a report on Friday, November 18 to “Underperform” rating. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has “Hold” rating given on Thursday, October 1 by Sandler O’Neill. On Tuesday, October 18 the stock rating was downgraded by Raymond James to “Market Perform”. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) earned “Market Perform” rating by Hovde Group on Tuesday, October 13. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) earned “Outperform” rating by Raymond James on Tuesday, August 25. Hovde Group maintained ServisFirst Bancshares, Inc. (NASDAQ:SFBS) on Tuesday, October 18 with “Market Perform” 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.”

More news for ServisFirst Bancshares, Inc. (NASDAQ:SFBS) were recently published by: Prnewswire.com, which released: “ServisFirst Bancshares, Inc. Announces Two-For-One Stock Split” on November 16, 2016. Prnewswire.com‘s article titled: “ServisFirst Bancshares, Inc. Announces Results For Third Quarter Of 2016” and published on October 17, 2016 is yet another important article.

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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