ServisFirst Bancshares: Gains after analysts hike PT on upbeat Q3

ServisFirst Bancshares

20/10/2020 16:57

** Shares of bank holding co  SFBS.O  rise 5.4% to $38.97
    ** D.A. Davidson raises PT by $3 to $40, following co's
strong qtrly results on Monday
    ** SFBS posted Q3 EPS of 80 cents, above Refinitiv IBES est
of 71 cents  urn:newsml:reuters.com:*:nASA018Z1
    ** Beat primarily driven by better-than-expected fee rev and
a lower-than-forecast provision, among others
    ** Q3 net interest income rose to $85.1 mln from $83.3 mln a
yr earlier 
    ** Brokerage says Q3 EPS beat sizeable; adds quarter was
impressive in terms of core profitability
    ** Piper Sandler on Monday also raised PT to $40 from $36
    ** 1/5 brokerages rates stock "buy", rest "hold"
    ** Up to Monday's close, stock fell 1.9% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))