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: $90.00 DETAILS
HIGH: $91.00
LOW: $89.00
MEDIAN: $90.00
CONSENSUS: $90.00
UPSIDE: 16.26%
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 3.7% above fair value
Current Price $77.41
Bear Case $49.22 36.4% downside ($49.22 - $77.41) / $77.41 = -36.4% ROTCE 11.3% → 1.39x TBV
Fair Value $74.63 3.6% downside ($74.63 - $77.41) / $77.41 = -3.6% ROTCE 15.1% → 2.11x TBV
Bull Case $89.88 16.1% upside ($89.88 - $77.41) / $77.41 = 16.1% ROTCE 17.3% → 2.54x TBV

Adjust Assumptions

15.1%
9.2%

Key Value Driver

ROTCE (15.1%) vs. cost of equity (9.2%)

Implied Market Multiple 2.3x

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 $90.00 from 6 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $74.63 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