UPDATE: DA Davidson Starts ServisFirst Bancshares (SFBS) at Neutral

(updated to add comment, PT)

DA Davidson analyst Kevin Fitzsimmons initiates coverage on ServisFirst Bancshares (NASDAQ: SFBS) with a Neutral rating, PT $35.00.

The analyst comments "SFBS is a Birmingham, AL-based bank with operations across the Southeast. SFBS serves its commercial customers via a “branch-lite” delivery system that enables the bank to run a very lean and efficient model that is replicable and highly scalable. With a more challenging topline environment (both NIM and growth) and the stock already at a sizable premium, we are sticking to the sidelines for now."

For an analyst ratings summary and ratings history on ServisFirst Bancshares click here. For more ratings news on ServisFirst Bancshares click here.

Shares of ServisFirst Bancshares closed at $31.88 yesterday.

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