Wasatch Advisors Inc. Invests $2.54 Million in State Bank Financial Corporation. (STBZ) Stock

Wasatch Advisors Inc. bought a new stake in State Bank Financial Corporation. (NASDAQ:STBZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 93,720 shares of the financial services provider’s stock, valued at approximately $2,542,000. Wasatch Advisors Inc. owned approximately 0.25% of State Bank Financial Corporation. as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE lifted its position in State Bank Financial Corporation. by 12.0% in the first quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock worth $5,750,000 after buying an additional 23,668 shares during the last quarter. AJO LP bought a new stake in State Bank Financial Corporation. in the second quarter worth $4,290,000. Royce & Associates LP lifted its position in State Bank Financial Corporation. by 4.8% in the second quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock worth $23,864,000 after buying an additional 40,500 shares during the last quarter. Sei Investments Co. lifted its position in shares of State Bank Financial Corporation. by 3.3% during the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 122 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of State Bank Financial Corporation. by 7.1% during the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock worth $1,668,000 after purchasing an additional 4,100 shares during the last quarter. 77.68% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider Bradford L. Watkins sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total value of $27,140.00. Following the completion of the transaction, the insider now directly owns 72,500 shares of the company’s stock, valued at approximately $1,967,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Caulkins Brown sold 1,500 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the transaction, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The disclosure for this sale can be found here. Insiders sold a total of 10,530 shares of company stock valued at $283,250 over the last three months. Corporate insiders own 4.65% of the company’s stock.

STBZ has been the subject of several research analyst reports. Zacks Investment Research downgraded State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. State Bank Financial Corporation. currently has a consensus rating of “Hold” and a consensus price target of $28.17.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) traded down 0.17% during trading on Friday, hitting $29.39. The stock had a trading volume of 16,209 shares. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 22.57 and a beta of 0.98. State Bank Financial Corporation. has a 12 month low of $21.15 and a 12 month high of $29.70. The company’s 50 day moving average price is $28.27 and its 200 day moving average price is $27.00.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. Equities research analysts expect that State Bank Financial Corporation. will post $1.45 earnings per share for the current fiscal year.

State Bank Financial Corporation. 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.

Institutional Ownership by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

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