ServisFirst Bancshares (SFBS) is Reiterated by Hovde Group to Market Perform, Raises Price Target to $ 55.50

ServisFirst Bancshares (SFBS) was Reiterated by Hovde Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55.50 from a previous price target of $55 . Hovde Group advised their investors in a research report released on Oct 18, 2016.

Many Wall Street Analysts have commented on ServisFirst Bancshares. ServisFirst Bancshares was Downgraded by Raymond James to ” Mkt Perform” on Oct 18, 2016.

ServisFirst Bancshares opened for trading at $52.74 and hit $53.1475 on the upside on Friday, eventually ending the session at $52.96, with a gain of 1.36% or 0.71 points. The heightened volatility saw the trading volume jump to 73,108 shares. Company has a market cap of $1,390 M.

In a different news, on Oct 5, 2016, Andrew N Kattos (EVP, Regional CEO) sold 4,259 shares at $52.38 per share price. According to the SEC, on Sep 6, 2016, Michael D. Fuller (director) purchased 324 shares at $51.81 per share price. On Aug 12, 2016, Rex D Mckinney (EVP, Regional CEO) sold 48,000 shares at $50.31 per share price, according to the Form-4 filing with the securities and exchange commission.

ServisFirst Bancshares Inc. is a bank holding company. The Company through its wholly owned subsidiary ServisFirst Bank (the Bank) operates 13 banking offices located in Jefferson Shelby Madison Montgomery Houston and Mobile Counties of Alabama and in Escambia County Florida in the metropolitan statistical areas (MSAs) of Birmingham-Hoover Huntsville Montgomery Dothan and Mobile Alabama and Pensacola-Ferry Pass-Brent Florida. Additionally it operates a loan production office in Davidson County of Tennessee in the Nashville MSA. 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 deliver treasury and cash management services and provides correspondent banking services to other financial institutions.

ServisFirst Bancshares

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