ServisFirst Bancshares, Inc. logo SFBS - ServisFirst Bancshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 3
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $91.00 DETAILS
HIGH: $91.00
LOW: $91.00
MEDIAN: $91.00
CONSENSUS: $91.00
UPSIDE: 6.62%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Overvalued Mild
Trading 10.8% above fair value
Current Price $85.35
Bear Case $50.82 40.5% downside ($50.82 - $85.35) / $85.35 = -40.5% ROTCE 11.3% → 1.44x TBV
Fair Value $77.05 9.7% downside ($77.05 - $85.35) / $85.35 = -9.7% ROTCE 15.1% → 2.19x TBV
Bull Case $92.79 8.7% upside ($92.79 - $85.35) / $85.35 = 8.7% ROTCE 17.3% → 2.64x TBV

Adjust Assumptions

15.1%
9.1%

Key Value Driver

ROTCE (15.1%) vs. cost of equity (9.1%)

Implied Market Multiple 2.54x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $91.00 from 6 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $77.05 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly