ServisFirst Bancshares Shares Rise on Raymond James Upgrade After Upbeat Q4 Results

MT Newswires Live

01/22

ServisFirst Bancshares (SFBS) shares rose by more than 13% in recent Wednesday trading after Raymond James upgraded its rating on the company's stock to strong buy from outperform and set a price target of $95.

The company reported Q4 results late Tuesday, posting adjusted earnings of $1.58 per diluted share on revenue of $162.2 million. Three analysts polled by FactSet expected $1.38 and $151.8 million.

Trading volume stood at more than 207,000 shares against a daily average of roughly 261,000.

Price: 86.52, Change: +10.19, Percent Change: +13.34

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