ServisFirst price target raised to $90 from $84 at Piper Sandler

Piper Sandler analyst Graham Dick raised the firm’s price target on ServisFirst (SFBS) to $90 from $84 and keeps a Neutral rating on the shares. The firm says the company continues to deliver top-quartile results – with strong loan growth, an impressively efficient operating model, and profitability levels that are hard to match. Piper believes an upside in the net interest margin should come irrespective of rates cuts, but should be modestly higher if/when rate cuts eventually do materialize.