Wall Street brokerages expect State Bank Financial Corp (NASDAQ:STBZ) to report earnings of $0.48 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for State Bank Financial’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.49. State Bank Financial posted earnings of $0.34 per share in the same quarter last year, which indicates a positive year over year growth rate of 41.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that State Bank Financial will report full year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.35. For the next financial year, analysts forecast that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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%.
STBZ has been the subject of a number of research analyst reports. Stephens reiterated a “hold” rating and set a $32.00 price target on shares of State Bank Financial in a report on Friday, January 26th. SunTrust Banks reiterated a “buy” rating and set a $38.00 price target on shares of State Bank Financial in a report on Tuesday, January 9th. ValuEngine cut State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. 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 report on Friday, December 15th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. State Bank Financial presently has a consensus rating of “Hold” and a consensus target price of $34.00.
A number of institutional investors and hedge funds have recently bought and sold shares of STBZ. Wasatch Advisors Inc. lifted its stake in State Bank Financial by 75.4% during the 4th quarter. Wasatch Advisors Inc. now owns 518,583 shares of the financial services provider’s stock worth $15,475,000 after acquiring an additional 222,904 shares in the last quarter. Bank of Montreal Can lifted its stake in State Bank Financial by 18.4% during the 4th quarter. Bank of Montreal Can now owns 854,640 shares of the financial services provider’s stock worth $25,503,000 after acquiring an additional 132,693 shares in the last quarter. Millennium Management LLC lifted its stake in State Bank Financial by 23.5% during the 4th quarter. Millennium Management LLC now owns 693,766 shares of the financial services provider’s stock worth $20,702,000 after acquiring an additional 132,207 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in State Bank Financial by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock worth $34,340,000 after acquiring an additional 94,752 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in State Bank Financial by 456.7% during the 4th quarter. Raymond James & Associates now owns 108,585 shares of the financial services provider’s stock worth $3,240,000 after acquiring an additional 89,081 shares in the last quarter. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of State Bank Financial (NASDAQ:STBZ) traded up $0.30 during trading hours on Friday, reaching $30.20. The company’s stock had a trading volume of 83,294 shares, compared to its average volume of 126,786. The stock has a market cap of $1,165.87, a PE ratio of 25.17, a P/E/G ratio of 1.13 and a beta of 0.96. State Bank Financial has a 12 month low of $24.16 and a 12 month high of $31.75.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, March 5th will be paid a dividend of $0.20 per share. This is a positive change from State Bank Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, March 2nd. This represents a $0.80 annualized dividend and a yield of 2.65%. State Bank Financial’s dividend payout ratio is presently 46.67%.
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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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