State Bank Financial Corp (NASDAQ:STBZ) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.33.
Several analysts have commented on the company. Zacks Investment Research raised State Bank Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Sandler O’Neill raised State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, December 15th. Gabelli lowered State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. BidaskClub lowered State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, ValuEngine lowered State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th.
Shares of State Bank Financial (NASDAQ:STBZ) traded down $0.04 during mid-day trading on Tuesday, reaching $30.37. The company had a trading volume of 82,000 shares, compared to its average volume of 84,720. The stock has a market capitalization of $1,185.74, a PE ratio of 22.66, a P/E/G ratio of 1.36 and a beta of 0.95. State Bank Financial has a 52 week low of $24.16 and a 52 week high of $31.75.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, December 4th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, December 1st. State Bank Financial’s dividend payout ratio is presently 41.79%.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of State Bank Financial by 459.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 3,727 shares during the last quarter. Sei Investments Co. boosted its stake in shares of State Bank Financial by 46.0% in the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of State Bank Financial in the second quarter worth approximately $204,000. Susquehanna International Group LLP acquired a new stake in shares of State Bank Financial in the second quarter worth approximately $215,000. Finally, SG Americas Securities LLC acquired a new stake in shares of State Bank Financial in the third quarter worth approximately $230,000. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
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State Bank Financial Company Profile
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans.
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