ServisFirst Bancshares soars after beating Q2 estimates

ServisFirst Bancshares

21/07/2023 15:52

** Shares in ServisFirst Bancshares  SFBS.K  up 13.9%, after
hitting highest level since March 22 after Q2 earnings per share
and revenue beat Wall Street expectations 
    ** Co reported adj. EPS of $0.98 vs consensus expectation
for $0.89 on rev of $109.83 mln vs cons of $105.94 mln,
according to Refinitiv
    ** SFBS on course for biggest one-day pct gain since March
2020
    ** Stock last traded at $55.18 compared with median PT of
$53 down from  $55.50 in May, according to Refinitiv, which
lists just four analysts covering the stock, all with hold
ratings
    ** After report D.A. Davidson raised its PT for the stock by
$8 to $54 while Piper Sandler raised its PT to $49 from $46
    ** With move on the sesssion, SFBS down 20% YTD







 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))