State Bank Financial (NASDAQ:STBZ) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 26th. Analysts expect State Bank Financial to post earnings of $0.47 per share for the quarter.
State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million. On average, analysts expect State Bank Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
State Bank Financial stock opened at $32.24 on Wednesday. State Bank Financial has a 1 year low of $24.90 and a 1 year high of $32.50. The stock has a market capitalization of $1,240.53, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93.
A number of research analysts have recently issued reports on the stock. Hovde Group restated a “hold” rating on shares of State Bank Financial in a research report on Tuesday, February 6th. BidaskClub upgraded shares of State Bank Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, February 1st. ValuEngine upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Gabelli upgraded 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 report on Friday, January 26th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. State Bank Financial has an average rating of “Buy” and an average price target of $34.00.
In other news, CFO Sheila Ray acquired 3,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $97,350.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.65% of the company’s stock.
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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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