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ServisFirst Bancshares (NASDAQ:SFBS) stock price target increased to $55.50, issued a research note today by Hovde Group

Yesterday ServisFirst Bancshares (NASDAQ:SFBS) traded -0.91% lower at $51.80. The company’s 50-day moving average is $51.97 and its 200-day moving average is $50.28. The last closing price is up 2.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 86,799 shares of the stock traded hands, up from an average trading volume of 59,789

In a report released on 10/18/2016 Hovde Group increased the stock price target of ServisFirst Bancshares (NASDAQ:SFBS) from $55.00 to $55.50 indicating a possible upside of 0.07%.

Previously on 8/25/2016, Raymond James Financial Inc. reported on 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%.

See Chart Below

ServisFirst Bancshares (NASDAQ:SFBS)

ServisFirst Bancshares has a 52 week low of $34.12 and a 52 week high of $53.58 with a P/E ratio of 18.27 The company’s market cap is currently $0.

About 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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