- The loan growth outlook is positive because of strength in markets and management’s efforts to gain market share.
- A large part of the loan portfolio is comprised of fixed-rate loans. The maturity of these loans will pressurize the overall portfolio yield.
- The provision expense will likely remain at an elevated level this year because the allowance level appears to be low from a historical perspective.
- The year-end target price suggests a small downside from the current market price. Further, the dividend yield is low.
For further details see:
ServisFirst Bancshares: Bright Outlook But The Stock Price Is Too High