ServisFirst Bancshares, Inc. (SFBS)’s Stock Formed A Several Months Ascending Triangle Chart Pattern

August 18, 2018 - By Ash Maslow

The stock of ServisFirst Bancshares, Inc. (SFBS) formed an ascending triangle with $42.23 target or 3.00 % below today’s $43.54 share price. The 5 months triangle pattern indicates high risk for the $2.32 billion company. If the $42.23 price target is reached, the company will be worth $69.45 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.55% or $0.24 during the last trading session, reaching $43.54. About 87,655 shares traded. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 19.97% since August 18, 2017 and is uptrending. It has outperformed by 7.40% the S&P500.

Analysts await ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to report earnings on October, 15. They expect $0.61 earnings per share, up 29.79 % or $0.14 from last year’s $0.47 per share. SFBS’s profit will be $32.43 million for 17.84 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by ServisFirst Bancshares, Inc. for the previous quarter, Wall Street now forecasts -1.61 % negative EPS growth.

More news for ServisFirst Bancshares, Inc. (NASDAQ:SFBS) were recently published by: Seekingalpha.com, which released: “ServisFirst Bancshares, Inc (SFBS) CEO Tom Broughton on Q2 2018 Results – Earnings Call Transcript” on July 20, 2018. Nasdaq.com‘s article titled: “ServisFirst Bancshares, Inc. Announces Results for Second Quarter of 2018” and published on July 19, 2018 is yet another important article.

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 $2.32 billion. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and various certificates of deposit. It has a 20.93 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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