Analysts predict that State Bank Financial (NASDAQ:STBZ) will report $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for State Bank Financial’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. State Bank Financial reported 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 before the market opens on Thursday, April 26th.
On average, analysts expect that State Bank Financial will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.35. For the next fiscal year, analysts expect that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.26 to $2.50. Zacks’ EPS calculations are an average based on a survey of research analysts that cover State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. State Bank Financial had a net margin of 18.77% and a return on equity of 9.26%. The business had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of State Bank Financial from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. BidaskClub raised shares of State Bank Financial from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Gabelli raised 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 note on Friday, January 26th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 price target on shares of State Bank Financial in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. State Bank Financial has an average rating of “Buy” and an average price target of $34.00.
In other State Bank Financial news, CFO Sheila Ray acquired 3,300 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $29.50 per share, for a total transaction of $97,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.65% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of STBZ. Wasatch Advisors Inc. raised its holdings in shares of State Bank Financial by 75.4% in the fourth quarter. Wasatch Advisors Inc. now owns 518,583 shares of the financial services provider’s stock valued at $15,475,000 after purchasing an additional 222,904 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of 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 valued at $25,503,000 after purchasing an additional 132,693 shares during the last quarter. Millennium Management LLC raised its holdings in shares of State Bank Financial by 23.5% in the fourth quarter. Millennium Management LLC now owns 693,766 shares of the financial services provider’s stock valued at $20,702,000 after purchasing an additional 132,207 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $34,340,000 after purchasing an additional 94,752 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of State Bank Financial by 456.7% in the fourth quarter. Raymond James & Associates now owns 108,585 shares of the financial services provider’s stock valued at $3,240,000 after purchasing an additional 89,081 shares during the last quarter. Institutional investors own 79.29% of the company’s stock.
Shares of STBZ opened at $31.13 on Monday. State Bank Financial has a twelve month low of $24.90 and a twelve month high of $31.75. The company has a market capitalization of $1,213.19, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.17 and a beta of 0.93.
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State Bank Financial Company Profile
State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.
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