ServisFirst Bancshares are trading higher after the company reported better-than-expected Q2 financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.
Portfolio Pulse from Benzinga Newsdesk
ServisFirst Bancshares (SFBS) shares are trading higher following a better-than-expected Q2 financial result. Piper Sandler maintained a Neutral rating but raised the price target from $63 to $70.
July 16, 2024 | 2:37 pm
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ServisFirst Bancshares (SFBS) shares are trading higher after the company reported better-than-expected Q2 financial results. Piper Sandler maintained a Neutral rating on the stock but raised its price target from $63 to $70.
The better-than-expected Q2 financial results are a positive indicator for SFBS, likely driving the stock price higher in the short term. Additionally, the raised price target from Piper Sandler, despite a Neutral rating, suggests increased confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100