State Bank Financial Corp (STBZ) Receives Average Rating of “Hold” from Brokerages

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.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. equities analysts predict that State Bank Financial will post 1.52 EPS for the current fiscal year.

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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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