ServisFirst Bancshares (NYSE:SFBS) Sees Large Volume Increase

ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 86,007 shares changed hands during 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 Stock Down 1.2 %

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 16.16 and a beta of 0.90. The business's fifty day moving average is $61.67 and its two-hundred day moving average is $62.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The firm had revenue of $111.31 million during the quarter, compared to analysts' expectations of $108.14 million. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. Equities analysts forecast that ServisFirst Bancshares, Inc. will post 3.75 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, July 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, July 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is currently 32.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SFBS. Cetera Advisors LLC lifted its stake in ServisFirst Bancshares by 1.0% in the first quarter. Cetera Advisors LLC now owns 30,958 shares of the financial services provider's stock worth $2,054,000 after acquiring an additional 317 shares during the last quarter. Cetera Investment Advisers purchased a new position in ServisFirst Bancshares in the first quarter worth approximately $2,125,000. XML Financial LLC purchased a new position in ServisFirst Bancshares in the first quarter worth approximately $664,000. Bayesian Capital Management LP purchased a new position in ServisFirst Bancshares in the first quarter worth approximately $217,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in ServisFirst Bancshares by 12.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,260 shares of the financial services provider's stock worth $2,934,000 after acquiring an additional 5,026 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

ServisFirst Bancshares Company Profile

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.