State Bank Financial (NASDAQ:STBZ)‘s stock had its “buy” rating reiterated by SunTrust Banks in a research note issued to investors on Tuesday, January 9th. They presently have a $38.00 target price on the financial services provider’s stock. SunTrust Banks’ target price indicates a potential upside of 24.55% from the company’s previous close. SunTrust Banks also issued estimates for State Bank Financial’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.54 EPS.
A number of other research firms have also recently commented on STBZ. Gabelli cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research cut State Bank Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. BidaskClub cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.00.
State Bank Financial (STBZ) traded down $0.24 during trading on Tuesday, reaching $30.51. The company had a trading volume of 71,298 shares, compared to its average volume of 98,224. The stock has a market capitalization of $1,188.87, a PE ratio of 25.43, a PEG ratio of 1.18 and a beta of 0.95. State Bank Financial has a 12 month low of $24.16 and a 12 month high of $31.75.
State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $68.16 million during the quarter, compared to analysts’ expectations of $65.00 million. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%. equities analysts predict that State Bank Financial will post 2.13 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. AJO LP purchased a new stake in State Bank Financial in the second quarter worth about $4,290,000. Boston Partners increased its position in State Bank Financial by 5.2% in the third quarter. Boston Partners now owns 540,530 shares of the financial services provider’s stock worth $15,486,000 after buying an additional 26,770 shares in the last quarter. Swiss National Bank boosted its stake in shares of State Bank Financial by 7.1% in the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock worth $1,668,000 after acquiring an additional 4,100 shares during the period. Northern Trust Corp boosted its stake in shares of State Bank Financial by 5.7% in the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock worth $15,890,000 after acquiring an additional 31,610 shares during the period. Finally, Sterling Capital Management LLC bought a new position in shares of State Bank Financial in the third quarter worth about $1,008,000. Institutional investors and hedge funds own 79.93% of the company’s stock.
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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.
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