The consensus price target for ServisFirst Bancshares has increased to $91.00, primarily driven by a notable upward revision in revenue growth forecasts, while valuation multiples remain stable.
What's in the News
- Net charge-offs for the second quarter rose to $6.48 million from $3.15 million year-over-year.
- ServisFirst Bancshares was dropped from multiple Russell value and small cap indices, including the Russell 2000, Russell 2500, Russell 3000, and associated value and defensive benchmarks.
Valuation Changes
Summary of Valuation Changes for ServisFirst Bancshares
- The Consensus Analyst Price Target has risen slightly from $89.00 to $91.00.
- The Consensus Revenue Growth forecasts for ServisFirst Bancshares has risen from 21.1% per annum to 22.2% per annum.
- The Future P/E for ServisFirst Bancshares remained effectively unchanged, moving only marginally from 13.21x to 13.02x.
Disclaimer
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