State Bank Financial Corp (NASDAQ:STBZ) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.75.
A number of brokerages have weighed in on STBZ. BidaskClub cut shares of State Bank Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of State Bank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.50 price target on shares of State Bank Financial in a research report on Wednesday, August 8th. Finally, ValuEngine cut shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Water Island Capital LLC purchased a new position in shares of State Bank Financial in the second quarter valued at approximately $12,859,000. LSV Asset Management boosted its stake in shares of State Bank Financial by 93.9% in the second quarter. LSV Asset Management now owns 142,724 shares of the financial services provider’s stock valued at $4,766,000 after purchasing an additional 69,112 shares during the period. Alps Advisors Inc. purchased a new position in shares of State Bank Financial in the second quarter valued at approximately $517,000. Martingale Asset Management L P boosted its stake in shares of State Bank Financial by 9.4% in the second quarter. Martingale Asset Management L P now owns 136,147 shares of the financial services provider’s stock valued at $4,548,000 after purchasing an additional 11,700 shares during the period. Finally, Alpine Associates Management Inc. purchased a new position in shares of State Bank Financial in the second quarter valued at approximately $5,342,000. 79.00% of the stock is owned by institutional investors and hedge funds.
Shares of STBZ traded down $0.48 during trading on Friday, reaching $31.44. 6,916 shares of the company traded hands, compared to its average volume of 172,198. State Bank Financial has a twelve month low of $26.90 and a twelve month high of $35.99. The stock has a market cap of $1.21 billion, a PE ratio of 21.86, a P/E/G ratio of 1.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.89.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. The company had revenue of $67.05 million for the quarter, compared to analyst estimates of $67.60 million. sell-side analysts expect that State Bank Financial will post 2.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Tuesday, September 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Friday, August 31st. State Bank Financial’s payout ratio is 54.79%.
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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