ServisFirst Bancshares (SFBS) Receives a Hold from Stephens

Stephens analyst Tyler Stafford assigned a Hold rating to ServisFirst Bancshares (SFBS) today and set a price target of $35. The company’s shares closed yesterday at $32.87.

Stafford commented:

“We believe investors are less willing to pay for growth today and instead will be more focused on the margin dynamics going forward. We are lowering our 2019 and 2020 EPS estimates from $2.53 and $2.62 to $2.58 and $2.61 and while the profitability profile (1.69% ROA) and the growth profile both remain peer leading, the valuation of 2.3x TBV and 12.6x 2020 EPS estimates keeps us on the sidelines for now.”

According to, Stafford is a 4-star analyst with an average return of 4.1% and a 50.3% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.

The word on The Street in general, suggests a Hold analyst consensus rating for ServisFirst Bancshares.

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Based on ServisFirst Bancshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $35.63 million. In comparison, last year the company had a net profit of $33.54 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFBS in relation to earlier this year. Most recently, in May 2019, Thomas Broughton, the Chairman, President, & CEO of SFBS bought 10,000 shares for a total of $50,000.

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ServisFirst Bancshares, Inc. is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.

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