BidaskClub upgraded shares of State Bank Financial (NASDAQ:STBZ) from a buy rating to a strong-buy rating in a report released on Tuesday.
A number of other equities analysts have also recently weighed in on the company. ValuEngine raised State Bank Financial from a hold rating to a buy rating in a report on Monday, April 2nd. Zacks Investment Research cut State Bank Financial from a buy rating to a hold rating in a report on Tuesday, March 13th. Hovde Group reissued a hold rating on shares of State Bank Financial in a report on Tuesday, February 6th. Stephens reissued a hold rating and issued a $32.00 price target on shares of State Bank Financial in a report on Friday, January 26th. Finally, Gabelli raised 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, January 26th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. State Bank Financial presently has an average rating of Buy and a consensus price target of $34.00.
NASDAQ STBZ opened at $32.24 on Tuesday. State Bank Financial has a fifty-two week low of $24.90 and a fifty-two week high of $32.50. The firm has a market capitalization of $1,253.81, a PE ratio of 21.26, a P/E/G ratio of 1.20 and a beta of 0.93.
State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.26% and a net margin of 18.77%. The company had revenue of $68.16 million during the quarter, compared to analysts’ expectations of $65.00 million. equities research analysts anticipate that State Bank Financial will post 2.18 EPS for the current year.
In other State Bank Financial news, CFO Sheila Ray acquired 3,300 shares of the stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $29.50 per share, with a total value of $97,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.65% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of 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 valued at $63,316,000 after purchasing an additional 63,881 shares during the period. Banc Funds Co. LLC grew its position in shares of State Bank Financial by 1.1% in the fourth quarter. Banc Funds Co. LLC now owns 1,701,639 shares of the financial services provider’s stock valued at $50,777,000 after purchasing an additional 18,000 shares during the period. Dimensional Fund Advisors LP grew its position 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 period. Royce & Associates LP grew its position in shares of 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 valued at $26,347,000 after purchasing an additional 34,971 shares during the period. Finally, Bank of Montreal Can grew its position 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 period. 79.36% of the stock is owned by institutional investors and hedge funds.
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About State Bank Financial
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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