Raymond James downgraded ServisFirst Bancshares (NASDAQ:SFBS) from Outperform to Mkt Perform in a report released today.
- Updated: October 18, 2016
Raymond James has downgraded ServisFirst Bancshares (NASDAQ:SFBS) from Outperform to Mkt Perform in a report released on Tuesday October 18, 2016.
Previously on Thursday August 25, 2016, Raymond James Financial Inc. released a statement about ServisFirst Bancshares (NASDAQ:SFBS) increased the target price from $0.00 to $43.00. At the time, this indicated a possible downside of -0.17%.
Just yesterday ServisFirst Bancshares (NASDAQ:SFBS) traded -0.91% lower at $51.80. ServisFirst Bancshares’s 50-day moving average is $51.97 and its 200-day moving average is $50.28. The last stock price is up 2.10% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 86,799 shares of SFBS changing hands over the typical 59,789
With a total market value of $0, ServisFirst Bancshares has price-earnings ratio of 18.27 with a one year low of $34.12 and a one year high of $53.58 .
General Company Details For ServisFirst Bancshares (NASDAQ:SFBS)
ServisFirst Bancshares, Inc. is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. 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, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions. The Company also offers a range of products and services, including around the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler's checks, safe deposit boxes, attorney trust accounts and automatic account transfers. The Company also participates in a shared network of automated teller machines (ATMs) and a debit card system that its customers are able to use throughout Alabama and in other states. Additionally, the Company offers Visa credit cards.
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