BUZZ-Hovde upgrades ServisFirst Bancshares to 'outperform'
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Hovde Group upgrades ServisFirst Bancshares (SFBS) to 'outperform' from 'market perform', citing its Texas expansion as a catalyst for stronger loan growth and profitability. The brokerage raised the price target to $89, indicating a 21.9% upside. SFBS shares rose 2.75% to $75.02 following the upgrade. Despite underperforming the regional-bank index, SFBS is positioned for growth amid Texas market disruptions. Analysts' median price target is $89.
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