Could ServisFirst Bancshares, Inc. (SFBS) See a Reversal After Breaking Its 1 Year Low?

The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) hit a new 52-week low and has $28.78 target or 4.00 % below today’s $29.98 share price. The 7 months bearish chart indicates high risk for the $1.61B company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $28.78 price target is reached, the company will be worth $64.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.13% or $0.97 during the last trading session, reaching $29.98. About 66,096 shares traded. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has declined 19.06% since August 14, 2018 and is downtrending. It has underperformed by 19.06% the S&P500.

Analysts await ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to report earnings on October, 16. They expect $0.66 earnings per share, up 3.13 % or $0.02 from last year’s $0.64 per share. SFBS’s profit will be $35.33 million for 11.36 P/E if the $0.66 EPS becomes a reality. After $0.66 actual earnings per share reported by ServisFirst Bancshares, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent ServisFirst Bancshares, Inc. (NASDAQ:SFBS) news were published by: Nasdaq.com which released: “ServisFirst Bancshares (SFBS) Lags Q2 Earnings and Revenue Estimates – Nasdaq” on July 15, 2019, also Finance.Yahoo.com with their article: “ServisFirst Bancshares (SFBS) Reports Next Week: Wall Street Expects Earnings Growth – Yahoo Finance” published on July 08, 2019, Globenewswire.com published: “ServisFirst Bancshares, Inc. to Announce Fourth Quarter 2018 Financial Results January 22nd – GlobeNewswire” on December 28, 2018. More interesting news about ServisFirst Bancshares, Inc. (NASDAQ:SFBS) were released by: Globenewswire.com and their article: “ServisFirst Bancshares, Inc. To Announce Second Quarter 2019 Financial Results July 15th – GlobeNewswire” published on June 25, 2019 as well as Globenewswire.com‘s news article titled: “ServisFirst Bank Announces Expansion into Southwest Florida – GlobeNewswire” with publication date: June 17, 2019.

ServisFirst Bancshares, Inc. operates as the bank holding firm for ServisFirst Bank that provides banking services to individual and corporate clients in the United States. The company has market cap of $1.61 billion. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and various certificates of deposit. It has a 11.44 P/E ratio. The firm also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Ratings Chart

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