State Bank Financial Corp (NASDAQ:STBZ) – Stock analysts at FIG Partners lifted their Q2 2018 earnings per share (EPS) estimates for shares of State Bank Financial in a research note issued on Friday, according to Zacks Investment Research. FIG Partners analyst C. Marinac now anticipates that the financial services provider will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.45. FIG Partners also issued estimates for State Bank Financial’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.12 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.35 EPS.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%. The firm had revenue of $68.16 million during the quarter, compared to the consensus estimate of $65.00 million.
Other analysts also recently issued research reports about the company. SunTrust Banks reiterated a “buy” rating and issued a $38.00 price objective on shares of State Bank Financial in a research report on Tuesday, January 9th. Gabelli upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, January 26th. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, December 15th. Zacks Investment Research upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, February 1st. Finally, BidaskClub upgraded State Bank Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.00.
Shares of State Bank Financial (NASDAQ STBZ) opened at $29.23 on Monday. State Bank Financial has a 12-month low of $24.16 and a 12-month high of $31.75. The firm has a market capitalization of $1,140.91, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.16 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, March 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.74%. This is a boost from State Bank Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, March 2nd. State Bank Financial’s dividend payout ratio is presently 46.67%.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in State Bank Financial by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock worth $79,802,000 after purchasing an additional 87,800 shares during the period. BlackRock Inc. grew its stake in State Bank Financial by 3.1% in the fourth quarter. BlackRock Inc. now owns 2,121,798 shares of the financial services provider’s stock worth $63,316,000 after purchasing an additional 63,881 shares during the period. Dimensional Fund Advisors LP grew its stake in State Bank Financial by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock worth $34,340,000 after purchasing an additional 94,752 shares during the period. Royce & Associates LP grew its stake in State Bank Financial by 4.1% in the fourth quarter. Royce & Associates LP now owns 882,928 shares of the financial services provider’s stock worth $26,347,000 after purchasing an additional 34,971 shares during the period. Finally, Bank of Montreal Can grew its stake in State Bank Financial by 18.4% in the fourth quarter. Bank of Montreal Can now owns 854,640 shares of the financial services provider’s stock worth $25,503,000 after purchasing an additional 132,693 shares during the period. 80.15% of the stock is currently owned by institutional investors.
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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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