Is ServisFirst Bancshares well-positioned for November economic uncertainties?

Considering ServisFirst Bancshares' robust net income of 232.5M and a price-to-book ratio of 3.16X, the stock appears overvalued, suggesting a cautious approach for potential buyers. However, with a solid institutional ownership of 71.70%, the stock might still hold appeal for those seeking stability in the regional banking sector.

Key Points

ServisFirst Bancshares has liabilities totaling $1.35 billion and a Debt to Equity (D/E) ratio of 10.35. This high ratio suggests the company might struggle to generate sufficient cash to meet its financial commitments. At a share price of $68.32, the stock appears overvalued, especially given the modest growth forecasts.
Published over a month ago
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Reviewed by Gabriel Shpitalnik

They say numbers don't lie, and when it comes to ServisFirst Bancshares, the figures paint an intriguing picture. As a player in the regional banking sector, the company is navigating a landscape where its current valuation stands at $5.7 billion, with a price-to-earnings ratio of 17.39X. This suggests a premium over its book value, reflected in a price-to-book ratio of 3.16X. Despite a modest five-year return of 1.29%, the bank's strategic focus on growth is underscored by a quarterly revenue growth of 7%. With retained earnings of $1.25 billion and a debt-to-equity ratio of 10.35%, ServisFirst appears to be balancing its growth ambitions with financial prudence. As institutional investors hold 71.70% of shares, the market seems to have confidence in its trajectory. Whether this translates into a strategic growth acceleration remains to be seen, but the foundation appears solid. Many millennials might not pay much attention to the banking sector, but taking a closer look at ServisFirst Bancshares could be worthwhile. Let's explore whether this company can still deliver strong profit margins. Is its current valuation reasonable? I'll provide insights into its 2024 prospects to help you decide if investing in this stock makes sense.
We determine the current worth of ServisFirst Bancshares using both absolute as well as relative valuation methodologies to arrive at its intrinsic value. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of ServisFirst Bancshares based exclusively on its fundamental and basic technical indicators. By analyzing ServisFirst Bancshares's financials, quarterly and monthly indicators, and related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of ServisFirst Bancshares's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of ServisFirst Bancshares. We calculate exposure to ServisFirst Bancshares's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to ServisFirst Bancshares's related companies.

ServisFirst Bancshares Investment Alerts

ServisFirst investment alerts and warnings help investors to get more proficient at understanding not only critical technical and fundamental signals but also the significant portfolio-centered indicators. These indicators include beta, alpha, and other risk-related measures that will help you in monitoring ServisFirst Bancshares performance across your portfolios.Please check all investment alerts for ServisFirst

ServisFirst Bancshares Valuation Ratios as Compared to Competition

Our valuation model uses many indicators to compare ServisFirst value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ServisFirst Bancshares competition to find correlations between indicators driving the intrinsic value of ServisFirst.

ServisFirst Bancshares Gross Profit

ServisFirst Bancshares Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing ServisFirst Bancshares previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show ServisFirst Bancshares Gross Profit growth over the last 10 years. Please check ServisFirst Bancshares' gross profit and other fundamental indicators for more details.

Breaking down ServisFirst Bancshares Further

The company reported the previous year's revenue of 813.25 M. Net Income was 206.85 M with profit before overhead, payroll, taxes, and interest of 454.49 M.

Margins Breakdown

ServisFirst profit margins show the degree to which it makes money. Margin indicators are used not only by investors but also by creditors or ServisFirst Bancshares itself as indicators of financial health and management effectiveness. Please look more closely at the different varieties of ServisFirst Bancshares profit margins.
0.29
Net Profit Margin
0.38
Pretax Profit Margin
Pretax Profit Margin0.38
Operating Profit Margin0.003548
Net Profit Margin0.29
Gross Profit Margin0.7
ServisFirst Bancshares Price To Sales Ratio is comparatively stable at the moment. Moreover, ServisFirst Bancshares Market Cap is increasing over the last 8 years.
The newest value of ServisFirst Bancshares Market Cap is 3,806,687,140. "Buy low, sell high" is a timeless piece of advice, and it might just apply to ServisFirst Bancshares as it navigates potential growth opportunities. With a market capitalization of $4.67 billion and a net income of $206.85 million, the company demonstrates a solid financial foundation. However, its Price to Earnings ratio of 17.39X suggests that investors are paying a premium for its earnings, which could indicate high expectations for future growth. The bank's debt to equity ratio of 10.35% reflects a conservative approach to leveraging, which could provide stability in uncertain times. As ServisFirst Bancshares positions itself for strategic growth, investors should weigh these factors carefully to determine if the current valuation aligns with their investment goals..

Another setback for ServisFirst Bancshares private investors

ServisFirst Bancshares is facing a fresh challenge, with its maximum drawdown reaching 8.79. This drop might be unsettling for private investors who have already encountered several obstacles with this stock. While market ups and downs are normal, this specific decline highlights the need to keep a close eye on ServisFirst's performance and reassess investment strategies. Investors should determine if this is just a temporary dip or a sign of more significant issues affecting the company's financial health or market position. Currently, ServisFirst shows below-average downside deviation, with an Information Ratio of 0.04 and a Jensen Alpha of 0.03.
Understanding market volatility trends can help investors time their moves, as volatility impacts stock prices, especially during bear markets, prompting portfolio adjustments.Considering ServisFirst Bancshares' recent adjustment of over 2 percent, investors should take a closer look at its current standing and future potential. With an analyst target price estimated at 52.67 and a valuation real value of 68.32, the stock presents a mixed bag of opportunities and caution. The analyst consensus leans towards a "Hold," reflecting a wait-and-see approach amid market fluctuations. However, the possible upside price of 91.52 suggests there could be significant gains if the company navigates its challenges effectively. As always, balancing these factors with your investment strategy and risk tolerance is crucial before making any decisions..

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Editorial Staff

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