Piper Sandler raised the firm’s price target on ServisFirst (SFBS) to $79 from $76 and keeps a Neutral rating on the shares. The firm is also increasing its 2024 to $4.05 from $3.73 on the Q3 beat and expectations of lower expenses with continued net interest income growth. Piper believes the shares remain expensive on earnings, but doesn’t see anything looming to derail the current valuation paradigm.
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Read More on SFBS:
- Closing Bell Movers: Medpace down 11% after cutting FY24 revenue guide
- ServisFirst Bancshares Reports Strong Q3 2024 Financials
- ServisFirst reports Q3 EPS $1.10, consensus 97c
- ServisFirst reports Q3 net interest margin 2.84% vs. 2.64% last year
- ServisFirst Bancshares (SFBS) Q3 Earnings Cheat Sheet
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
