$68.65 Million in Sales Expected for State Bank Financial Corp (STBZ) This Quarter

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Equities analysts expect State Bank Financial Corp (NASDAQ:STBZ) to post sales of $68.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for State Bank Financial’s earnings, with the lowest sales estimate coming in at $68.20 million and the highest estimate coming in at $69.10 million. State Bank Financial reported sales of $54.01 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.1%. The firm is scheduled to report its next earnings report on Thursday, October 25th.

On average, analysts expect that State Bank Financial will report full year sales of $268.97 million for the current year, with estimates ranging from $262.00 million to $272.50 million. For the next year, analysts expect that the company will post sales of $286.20 million per share, with estimates ranging from $276.00 million to $293.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover State Bank Financial.

State Bank Financial (NASDAQ:STBZ) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. The firm had revenue of $67.05 million for the quarter, compared to analyst estimates of $67.60 million.

Several analysts have issued reports on STBZ shares. BidaskClub raised shares of State Bank Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Tuesday, July 3rd. ValuEngine downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.50 target price on shares of State Bank Financial in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.08.

Several institutional investors have recently bought and sold shares of STBZ. Stratos Wealth Partners LTD. purchased a new position in shares of State Bank Financial during the 1st quarter valued at $106,000. SG Americas Securities LLC purchased a new position in shares of State Bank Financial during the 1st quarter valued at $106,000. Principal Financial Group Inc. purchased a new position in shares of State Bank Financial during the 1st quarter valued at $203,000. Sheets Smith Wealth Management purchased a new position in shares of State Bank Financial during the 2nd quarter valued at $223,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of State Bank Financial by 57.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,851 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 2,869 shares in the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Shares of NASDAQ:STBZ opened at $31.92 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90. State Bank Financial has a 12-month low of $26.90 and a 12-month high of $35.99. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.05 and a beta of 0.85.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, August 31st. State Bank Financial’s dividend payout ratio is currently 54.79%.

About State Bank Financial

State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.

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