State Bank Financial Corporation. (NASDAQ:STBZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, October 31st.
According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “
Several other research firms have also commented on STBZ. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. BidaskClub lowered shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.00.
State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. State Bank Financial Corporation. had a net margin of 22.79% and a return on equity of 8.44%. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. analysts anticipate that State Bank Financial Corporation. will post 1.51 EPS for the current year.
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In other news, EVP David Caulkins Brown sold 1,500 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the sale, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total transaction of $27,140.00. Following the completion of the sale, the insider now directly owns 72,500 shares in the company, valued at $1,967,650. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,430 shares of company stock worth $91,484. 4.65% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of State Bank Financial Corporation. by 459.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares during the last quarter. US Bancorp DE boosted its holdings in shares of State Bank Financial Corporation. by 5.1% in the 2nd quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 252 shares during the last quarter. Sei Investments Co. boosted its holdings in State Bank Financial Corporation. by 46.0% during the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,779 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in State Bank Financial Corporation. during the second quarter worth $204,000. Finally, Gratus Capital LLC purchased a new stake in State Bank Financial Corporation. during the second quarter worth $206,000. 78.45% of the stock is currently owned by institutional investors and hedge funds.
About State Bank Financial Corporation.
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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