California State Teachers Retirement System decreased its position in State Bank Financial Corp (NASDAQ:STBZ) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,874 shares of the financial services provider’s stock after selling 6,645 shares during the quarter. California State Teachers Retirement System owned 0.15% of State Bank Financial worth $1,715,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of State Bank Financial in the second quarter worth $204,000. Susquehanna International Group LLP acquired a new position in shares of State Bank Financial in the second quarter worth $215,000. SG Americas Securities LLC acquired a new position in shares of State Bank Financial in the third quarter worth $230,000. Finally, Legal & General Group Plc grew its stake in shares of State Bank Financial by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 716 shares in the last quarter. 78.94% of the stock is currently owned by institutional investors.
State Bank Financial Corp (NASDAQ:STBZ) opened at $30.98 on Friday. The company has a market cap of $1,200.00, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.30 and a beta of 0.95. State Bank Financial Corp has a 12 month low of $24.16 and a 12 month high of $31.75.
State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $54.01 million during the quarter, compared to the consensus estimate of $56.15 million. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. research analysts expect that State Bank Financial Corp will post 1.52 earnings per share for the current fiscal year.
Several equities analysts have commented on STBZ shares. SunTrust Banks restated a “buy” rating and issued a $38.00 price target on shares of State Bank Financial in a research note on Tuesday, January 9th. ValuEngine downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Sandler O’Neill upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, December 15th. Gabelli downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research downgraded shares of State Bank Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.25.
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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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