ServisFirst Bancshares (NYSE:SFBS) Sees Strong Trading Volume

ServisFirst Bancshares, Inc. (NYSE:SFBS) shares saw strong trading volume on Friday . 86,007 shares changed hands during mid-day trading, a decline of 50% from the previous session’s volume of 170,374 shares.The stock last traded at $59.39 and had previously closed at $59.45.

ServisFirst Bancshares Price Performance

The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.09 and a beta of 0.90. The stock has a fifty day simple moving average of $61.65 and a 200-day simple moving average of $62.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $111.31 million during the quarter, compared to analysts’ expectations of $108.14 million. ServisFirst Bancshares had a return on equity of 14.65% and a net margin of 22.31%. On average, equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 3.75 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, July 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, July 1st. ServisFirst Bancshares’s payout ratio is 32.88%.

Institutional Trading of ServisFirst Bancshares

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in ServisFirst Bancshares during the fourth quarter worth $36,103,000. Algert Global LLC purchased a new position in shares of ServisFirst Bancshares in the 3rd quarter valued at about $1,212,000. Rafferty Asset Management LLC grew its stake in ServisFirst Bancshares by 58.2% during the 4th quarter. Rafferty Asset Management LLC now owns 48,470 shares of the financial services provider’s stock worth $3,230,000 after buying an additional 17,834 shares during the last quarter. Red Door Wealth Management LLC purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $924,000. Finally, Arlington Trust Co LLC purchased a new position in ServisFirst Bancshares during the 4th quarter worth approximately $2,847,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

About ServisFirst Bancshares

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.