State Bank Financial (STBZ) Receives Consensus Rating of “Hold” from Analysts

Shares of State Bank Financial (NASDAQ:STBZ) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $31.00.

STBZ has been the topic of several research reports. Zacks Investment Research raised 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. 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 report on Friday, January 26th. ValuEngine raised shares of State Bank Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub raised shares of State Bank Financial from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Finally, Hovde Group restated a “hold” rating on shares of State Bank Financial in a research note on Tuesday, February 6th.

Shares of STBZ traded down $0.25 during mid-day trading on Monday, hitting $33.34. 801,636 shares of the company’s stock were exchanged, compared to its average volume of 312,623. The stock has a market capitalization of $1.31 billion, a PE ratio of 22.84, a P/E/G ratio of 1.14 and a beta of 0.95. State Bank Financial has a fifty-two week low of $24.90 and a fifty-two week high of $34.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.89.

State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.04). The business had revenue of $65.32 million for the quarter, compared to analyst estimates of $65.25 million. State Bank Financial had a return on equity of 9.78% and a net margin of 19.79%. sell-side analysts predict that State Bank Financial will post 2.19 earnings per share for the current year.

In other news, CFO Sheila Ray bought 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.43% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in State Bank Financial by 57.3% in the first quarter. Meeder Asset Management Inc. now owns 4,982 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,814 shares during the last quarter. Aperio Group LLC increased its stake in State Bank Financial by 13.6% in the first quarter. Aperio Group LLC now owns 15,196 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 1,817 shares during the last quarter. Ranger Investment Management L.P. increased its stake in State Bank Financial by 7.6% in the fourth quarter. Ranger Investment Management L.P. now owns 27,040 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 1,920 shares during the last quarter. California Public Employees Retirement System increased its stake in State Bank Financial by 28.7% in the first quarter. California Public Employees Retirement System now owns 10,901 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in State Bank Financial by 3.8% in the first quarter. Thrivent Financial for Lutherans now owns 84,388 shares of the financial services provider’s stock valued at $2,533,000 after purchasing an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.

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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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