SFBS - ServisFirst Bancshares Inc Stock Price, Fair Value and News

60.43USD+0.21 (+0.35%)Delayed as of 22 Apr 2024, 10:49 am ET

Market Summary

USD60.43+0.21

Delayedas of 22 Apr 2024, 10:49 am

0.35%

SFBS Stock Price

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SFBS RSI Chart

SFBS Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

15.86

Price/Sales (Trailing)

4.03

EV/EBITDA

4.97

Price/Free Cashflow

16.63

SFBS Price/Sales (Trailing)

SFBS Profitability

EBT Margin

30.08%

Return on Equity

14.37%

Return on Assets

1.28%

Free Cashflow Yield

6.01%

SFBS Fundamentals

SFBS Revenue

Revenue (TTM)

813.2M

Rev. Growth (Yr)

34.53%

Rev. Growth (Qtr)

7.44%

SFBS Earnings

Earnings (TTM)

206.9M

Earnings Growth (Yr)

-37.87%

Earnings Growth (Qtr)

-21.12%

Breaking Down SFBS Revenue

52 Week Range

39.2761.12

(Low)(High)

Last 7 days

1.6%

Last 30 days

-5.1%

Last 90 days

-5.0%

Trailing 12 Months

22.1%

How does SFBS drawdown profile look like?

SFBS Financial Health

SFBS Investor Care

Dividend Yield

0.96%

Dividend/Share (TTM)

0.58

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

3.79

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	627.4M	690.5M	754.5M	813.2M
2022	429.1M	452.9M	498.0M	559.3M
2021	392.7M	400.3M	408.4M	416.3M
2020	393.9M	391.2M	386.1M	389.0M
2019	346.3M	365.7M	382.8M	390.8M
2018	277.2M	292.1M	308.5M	326.6M
2017	222.5M	233.9M	246.9M	262.8M
2016	189.2M	197.0M	205.2M	212.9M
2015	151.2M	160.0M	169.7M	180.0M
2014	131.2M	135.9M	140.3M	144.7M
2013	112.6M	116.7M	121.4M	126.1M
2012	96.0M	100.6M	105.0M	109.0M
2011	80.6M	83.7M	87.0M	91.4M
2010	0	67.5M	72.8M	78.1M
2009	0	0	0	62.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of ServisFirst Bancshares Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 29, 2024	broughton thomas a	acquired	-	-	18,143	chairman, president, & ceo
Jan 29, 2024	pressley kirk	acquired	-	-	1,371	evp, strategic planning
Jan 29, 2024	foshee william m	acquired	-	-	2,974	cfo, evp
Jan 29, 2024	rushing rodney eldon	acquired	-	-	5,022	coo, evp
Dec 13, 2023	tuder irma loya	gifted	-	-	14,586	-
Dec 13, 2023	tuder irma loya	gifted	-	-	-29,172	-
Dec 04, 2023	rushing rodney eldon	sold	-308,935	56.17	-5,500	coo,evp
Dec 04, 2023	rushing rodney eldon	acquired	69,200	6.92	10,000	coo,evp
Nov 07, 2023	rushing rodney eldon	gifted	-	-	-500	coo,evp
May 31, 2023	holloway elizabeth bugg	bought	52,035	40.78	1,276	-

Which funds bought or sold SFBS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-9.00	2,256	-%
Apr 18, 2024	WASATCH ADVISORS LP	reduced	-12.86	-7,371,750	48,410,200	0.25%
Apr 18, 2024	Hexagon Capital Partners LLC	added	80.00	263	597	-%
Apr 18, 2024	SJS Investment Consulting Inc.	unchanged	-	-4.00	996	-%
Apr 18, 2024	Diversified Trust Co	added	52.03	275,677	811,848	0.02%
Apr 18, 2024	Park Place Capital Corp	unchanged	-	-4,293	1,055,120	0.38%
Apr 18, 2024	WOLFF WIESE MAGANA LLC	unchanged	-	-29.00	7,234	0.01%
Apr 17, 2024	Portside Wealth Group, LLC	added	3.57	30,514	999,714	0.18%
Apr 17, 2024	Red Door Wealth Management, LLC	unchanged	-	-3,743	920,015	0.18%
Apr 16, 2024	Arlington Partners LLC	sold off	-100	-79,956	-	-%

Are Funds Buying or Selling SFBS?

Are funds buying SFBS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SFBS

No. of Funds

Unveiling ServisFirst Bancshares Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	kayne anderson rudnick investment management llc	5.98%	3,257,175	SC 13G/A
Feb 13, 2024	vanguard group inc	10.06%	5,478,138	SC 13G/A
Jan 23, 2024	blackrock inc.	14.4%	7,832,493	SC 13G/A
Jul 10, 2023	vanguard group inc	10.01%	5,435,017	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	5.16%	2,800,588	SC 13G
Feb 09, 2023	vanguard group inc	9.92%	5,389,904	SC 13G/A
Jan 23, 2023	blackrock inc.	14.0%	7,607,180	SC 13G/A
Jan 27, 2022	blackrock inc.	13.7%	7,423,879	SC 13G/A
Jan 26, 2022	blackrock inc.	13.7%	7,423,879	SC 13G/A
Feb 10, 2021	vanguard group inc	8.90%	4,799,090	SC 13G/A

Recent SEC filings of ServisFirst Bancshares Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	8-K	Current Report
Apr 08, 2024	DEFA14A	DEFA14A
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	ARS	ARS
Mar 18, 2024	8-K	Current Report
Mar 01, 2024	NT 10-K	NT 10-K
Mar 01, 2024	10-K	Annual Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Jan 31, 2024	4	Insider Trading

Peers (Alternatives to ServisFirst Bancshares Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	535.2B	171.1B	-5.35%	31.97%	10.8	3.13	60.72%	31.52%
BAC	291.1B	130.3B	0.60%	23.65%	10.98	2.23	79.51%	-3.68%
WFC	216.0B	85.7B	5.36%	44.88%	11.28	2.52	41.49%	39.96%
C	113.1B	133.3B	-1.61%	19.76%	12.25	0.85	79.09%	-
CFG	15.6B	10.2B	-2.44%	16.96%	9.7	1.53	44.53%	-22.43%
KEY	13.7B	7.9B	-2.66%	21.59%	14.14	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.35%	12.62%	7.76	1.64	56.25%	-23.46%
ZION	5.9B	3.9B	-3.44%	28.21%	8.69	1.5	45.91%	-25.03%
ABCB	3.2B	1.3B	-2.65%	33.98%	11.87	2.5	43.24%	-22.35%
ASB	3.1B	2.0B	-1.20%	13.72%	16.97	1.59	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	409.6M	164.9M	-5.29%	32.50%	35.02	2.48	42.66%	-70.76%
AROW	377.2M	162.6M	-6.69%	-0.22%	12.54	2.32	25.39%	-38.37%
ACNB	276.3M	96.6M	-11.56%	-1.79%	8.72	2.86	11.02%	-11.37%
ASRV	47.0M	60.9M	2.66%	-13.74%	-14.04	0.77	24.06%	-144.92%

ServisFirst Bancshares Inc News

Latest updates

ServisFirst Bancshares Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	7.4%	229	213	190	181	170	149	127	113	109	104	103	100	101	96.00	95.00	97.00	98.00	101	98.00	94.00	90.00
EBITDA Margin	-14.6%	0.81*	0.95*	1.10*	1.25*	1.40*	1.49*	1.54*	1.54*	1.54*	1.56*	1.54*	1.51*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.0%	102	100	101	108	122	126	116	106	101	96.00	95.00	92.00	92.00	85.00	83.00	78.00	76.00	73.00	70.00	69.00	69.00
Income Taxes	-39.7%	5.00	9.00	11.00	13.00	16.00	13.00	14.00	13.00	8.00	12.00	13.00	13.00	15.00	11.00	11.00	8.00	10.00	10.00	9.00	8.00	8.00
Earnings Before Taxes	-23.7%	47.00	62.00	65.00	71.00	84.00	77.00	77.00	71.00	62.00	64.00	63.00	64.00	66.00	54.00	51.00	43.00	51.00	47.00	45.00	44.00	45.00
EBT Margin	-19.4%	0.30*	0.37*	0.43*	0.49*	0.55*	0.57*	0.60*	0.61*	0.61*	0.63*	0.62*	0.60*	-	-	-	-	-	-	-	-	-
Net Income	-21.1%	42.00	53.00	53.00	58.00	68.00	64.00	62.00	58.00	54.00	52.00	50.00	51.00	51.00	43.00	40.00	35.00	41.00	38.00	36.00	35.00	36.00
Net Income Margin	-17.5%	0.25*	0.31*	0.35*	0.40*	0.45*	0.48*	0.50*	0.50*	0.50*	0.50*	0.49*	0.47*	-	-	-	-	-	-	-	-	-
Free Cashflow	616.1%	91.00	13.00	38.00	55.00	76.00	70.00	56.00	69.00	70.00	66.00	62.00	66.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.5%	16,130	16,044	15,073	14,567	14,596	13,890	14,494	15,339	15,449	14,602	13,207	12,647	11,933	11,395	11,012	9,365	8,948	9,005	8,740	8,311	8,007
Cash Equivalents	-	-	-	-	-	-	-	-	-	15.00	-	-	-	15.00	-	1,549	685	10.00	1,047	886	800	9.00
Net PPE	-0.3%	59.00	60.00	60.00	60.00	60.00	59.00	59.00	60.00	60.00	61.00	68.00	56.00	55.00	55.00	56.00	56.00	56.00	57.00	57.00	58.00	58.00
Goodwill	0%	14.00	14.00	-	-	14.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	0.3%	14,689	14,643	13,709	13,227	13,298	12,647	13,282	14,166	14,297	13,488	12,134	11,617	10,940	10,445	10,098	8,483	8,105	8,195	7,961	7,565	7,292
Shareholder's Equity	2.8%	1,440	1,401	1,363	1,340	1,297	1,243	1,212	1,173	1,152	1,114	1,073	1,030	993	950	915	882	843	811	779	746	715
Retained Earnings	2.1%	1,255	1,229	1,191	1,153	1,110	1,057	1,006	956	911	870	828	789	748	707	673	642	617	585	555	528	501
Additional Paid-In Capital	0.4%	233	232	231	230	230	229	228	227	226	226	225	224	224	223	222	222	220	219	219	218	219
Shares Outstanding	0.1%	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	-	-	-	-	-	-	-	-	-
Minority Interest	0%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Float	-	-	-	2,063	-	-	-	3,930	-	-	-	3,377	-	-	-	1,690	-	-	-	1,581	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	616.1%	91,084	12,719	38,344	55,149	75,942	70,686	56,734	69,265	70,802	66,076	62,693	66,760	73,790	12,866	52,402	52,232	61,441	41,502	19,658	41,674	52,255
Share Based Compensation	-5.2%	881	929	982	808	816	804	797	790	545	461	558	291	363	339	353	277	319	294	206	282	167
Cashflow From Investing	-118.6%	-27,541	148,346	-407,213	85,976	-383,095	-627,798	-912,504	-718,820	-1,081,633	-150,168	-209,585	-119,708	39,301	-303,506	-780,995	-365,871	-376,527	-111,392	-332,454	-167,976	-180,929
Cashflow From Financing	-99.7%	2,436	926,352	475,590	-86,207	634,880	-643,158	-899,023	-129,152	788,441	1,347,802	517,938	651,267	474,949	365,084	1,592,989	367,570	-101,041	230,435	399,449	243,936	444,748
Dividend Payments	54325.0%	15,239	28.00	15,233	15,211	12,594	-81.00	12,485	12,472	10,919	-26.00	10,840	10,787	9,408	29.00	9,409	9,384	8,015	-6.00	8,025	8,019	8,500

SFBS Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Interest and fees on loans	$ 699,101	$ 499,691	$ 385,721
Taxable securities	53,499	40,722	25,413
Nontaxable securities	65	137	302
Federal funds sold	2,844	1,556	29
Other interest and dividends	57,737	17,209	4,840
Total interest income	813,246	559,315	416,305
Interest expense:
Deposits	331,740	59,396	26,569
Borrowed funds	70,569	29,027	5,233
Total interest expense	402,309	88,423	31,802
Net interest income	410,937	470,892	384,503
Provision for credit losses	18,715	37,607	31,517
Net interest income after provision for credit losses	392,222	433,285	352,986
Noninterest income
Securities (losses) gains	0	(6,168)	620
Increase in cash surrender value life insurance	7,574	6,478	6,642
Other operating income	3,037	12,661	4,664
Total noninterest income	30,417	33,359	33,452
Noninterest expenses:
Salaries and employee benefits	80,965	77,952	67,728
Equipment and occupancy expense	14,295	12,319	11,404
Third party processing and other services	27,872	27,333	16,362
Professional services	5,916	4,277	3,891
FDIC and other regulatory assessments	15,614	4,565	5,679
Other real estate owned expense	47	295	868
Other operating expenses	33,342	31,075	27,157
Total noninterest expenses	178,051	157,816	133,089
Income before income taxes	244,588	308,828	253,349
Provision for income taxes	37,735	57,324	45,615
Net income	206,853	251,504	207,734
Dividends on preferred stock	62	62	62
Net income available to common stockholders	$ 206,791	$ 251,442	$ 207,672
Basic earnings per common share (in dollars per share)	$ 3.8	$ 4.63	$ 3.83
Diluted earnings per common share (in dollars per share)	$ 3.79	$ 4.61	$ 3.82
Deposit Account [Member]
Noninterest income
Noninterest income	$ 8,420	$ 8,033	$ 6,839
Mortgage Banking [Member]
Noninterest income
Noninterest income	2,755	2,438	7,340
Credit Card [Member]
Noninterest income
Noninterest income	$ 8,631	$ 9,917	$ 7,347

SFBS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Cash and due from banks

$ 123,430

$ 106,317

^[1]

Interest-bearing balances due from depository institutions

1,907,083

708,221

^[1]

Federal funds sold

100,575

1,515

^[1]

Cash and cash equivalents

2,131,088

816,053

^[1]

Available-for-sale debt securities, at fair value

900,183

644,815

^[1]

Held-to-maturity debt securities (fair value of $907,191 and $935,953, respectively)

982,664

1,034,121

^[1]

Restricted equity securities

10,226

7,734

^[1]

Mortgage loans held for sale

5,074

1,607

^[1]

Loans

11,658,829

11,687,968

^[1]

Less allowance for credit losses

(153,317)

(146,297)

^[1]

Net Loans

11,505,512

11,541,671

^[1]

Premises and equipment, net

59,324

59,850

^[1]

Accrued interest and dividends receivable

59,181

48,422

^[1]

Deferred tax asset, net

62,918

60,448

^[1]

Other real estate owned and repossessed assets

995

248

^[1]

Bank owned life insurance contracts

292,759

287,752

^[1]

Goodwill

13,615

Other assets

106,129

79,417

^[1]

Total assets

16,129,668

14,595,753

^[1]

Liabilities:

Noninterest-bearing demand

2,643,101

3,321,347

Interest-bearing

10,630,410

8,225,458

^[1]

Deposits, Total

13,273,511

11,546,805

^[1]

Federal funds purchased

1,256,724

1,618,798

^[1]

Other borrowings

64,735

64,726

^[1]

Accrued interest and dividends payable

27,545

18,615

Other liabilities

66,748

48,913

^[1]

Total liabilities

14,689,263

13,297,857

^[1]

Stockholders' equity:

Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2023 and December 31, 2022

^[1]

Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,461,580 shares issued and outstanding at December 31, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022

^[1]

Additional paid-in capital

232,605

229,693

^[1]

Retained earnings

1,254,841

1,109,902

^[1]

Accumulated other comprehensive loss

(47,595)

(42,253)

Total stockholders' equity attributable to ServisFirst Bancshares, Inc.

1,439,905

1,297,396

^[1]

Noncontrolling interest

500

^[1]

Total stockholders' equity

1,440,405

1,297,896

^[1]

Total liabilities and stockholders' equity

$ 16,129,668

$ 14,595,753

^[1]

[1]	derived from audited financial statements.

About ServisFirst Bancshares Inc

ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans. It also offers other banking products and services comprising telephone and mobile banking, Internet banking, direct deposit, traveler's checks, safe deposit boxes, attorney trust accounts, automatic account transfers, automated teller machines, and debit and credit card systems; treasury and cash management services; wire transfer, night depository, banking-by-mail, and remote capture services; and correspondent banking services to other financial institutions. In addition, the company holds and manages participations in residential mortgages and commercial real estate loans originated by ServisFirst Bank in Alabama, Florida, Georgia, and Tennessee. ServisFirst Bancshares, Inc. was founded in 2005 and is headquartered in Birmingham, Alabama.

CEO	Mr. Thomas Ashford Broughton III
WEBSITE	servisfirstbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	577

ServisFirst Bancshares Inc Frequently Asked Questions

What is the ticker symbol for ServisFirst Bancshares Inc? What does SFBS stand for in stocks?

SFBS is the stock ticker symbol of ServisFirst Bancshares Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ServisFirst Bancshares Inc (SFBS)?

As of Fri Apr 19 2024, market cap of ServisFirst Bancshares Inc is 3.28 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SFBS stock?

You can check SFBS's fair value in chart for subscribers.

What is the fair value of SFBS stock?

You can check SFBS's fair value in chart for subscribers. The fair value of ServisFirst Bancshares Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ServisFirst Bancshares Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SFBS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ServisFirst Bancshares Inc a good stock to buy?

The fair value guage provides a quick view whether SFBS is over valued or under valued. Whether ServisFirst Bancshares Inc is cheap or expensive depends on the assumptions which impact ServisFirst Bancshares Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SFBS.

What is ServisFirst Bancshares Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, SFBS's PE ratio (Price to Earnings) is 15.86 and Price to Sales (PS) ratio is 4.03. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SFBS PE ratio will change depending on the future growth rate expectations of investors.