ServisFirst Bancshares Inc (NYSE: SFBS) has reported E.P.S. of $0.96 for its second fiscal quarter (ending June 30) versus $0.98 for the same period a year ago — a decline of -2%. However, this result exceeded the consensus estimate of $0.91 by $0.05. For the latest four quarters through June 30, E.P.S. were $3.62 versus $4.48 for the same period a year ago — a decline of -19%.
Recent Price Action
On 7/15/24, ServisFirst Bancshares Inc (NYSE: SFBS) stock enjoyed a large increase of 3.6%, closing at $70.88. Moreover, exceptionally high trading volume at 209% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 16.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SFBS is expected to continue to be a Value Builder.
ServisFirst Bancshares has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ServisFirst Bancshares has a neutral Appreciation Score of 55 but a good Power Rating of 74, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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