BidaskClub lowered shares of State Bank Financial (NASDAQ:STBZ) from a buy rating to a hold rating in a research note released on Wednesday, December 27th.
Other research analysts also recently issued reports about the stock. Sandler O’Neill upgraded shares of State Bank Financial from a hold rating to a buy rating and set a $35.00 price target on the stock in a research report on Friday, December 15th. ValuEngine downgraded shares of State Bank Financial from a buy rating to a hold rating in a research report on Wednesday, December 27th. Gabelli downgraded shares of State Bank Financial from a buy rating to a hold rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research upgraded shares of State Bank Financial from a sell rating to a hold rating in a research report on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $33.25.
Shares of State Bank Financial (NASDAQ STBZ) opened at $31.36 on Wednesday. State Bank Financial has a fifty-two week low of $24.16 and a fifty-two week high of $31.75. The company has a market cap of $1,220.00, a P/E ratio of 23.40, a PEG ratio of 1.31 and a beta of 0.95.
State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. analysts expect that State Bank Financial will post 1.52 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its holdings in State Bank Financial 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. Sei Investments Co. increased its holdings in State Bank Financial by 46.0% in the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in State Bank Financial in the 2nd quarter valued at $204,000. Gratus Capital LLC purchased a new position in shares of State Bank Financial in the 2nd quarter worth $206,000. Finally, Susquehanna International Group LLP purchased a new position in shares of State Bank Financial in the 2nd quarter worth $215,000. Institutional investors own 78.94% of the company’s stock.
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About State Bank Financial
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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