Wall Street brokerages forecast that State Bank Financial Corp (NASDAQ:STBZ) will post earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Two analysts have provided estimates for State Bank Financial’s earnings, with estimates ranging from $0.55 to $0.60. State Bank Financial reported earnings per share of $0.37 during the same quarter last year, which would indicate a positive year over year growth rate of 56.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that State Bank Financial will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.23. For the next financial year, analysts forecast that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks’ EPS averages are an average based on a survey of research analysts that cover State Bank Financial.

State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.07). The firm had revenue of $67.05 million for the quarter, compared to analyst estimates of $67.60 million. State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%.

A number of research analysts recently issued reports on the stock. BidaskClub cut shares of State Bank Financial from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of State Bank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.50 price objective on shares of State Bank Financial in a report on Wednesday, August 8th. Finally, ValuEngine cut shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $36.08.

Several large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of State Bank Financial by 436.5% in the second quarter. California Public Employees Retirement System now owns 58,487 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 47,586 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of State Bank Financial in the second quarter valued at $2,350,000. Paloma Partners Management Co acquired a new position in shares of State Bank Financial in the second quarter valued at $568,000. Bank of America Corp DE increased its holdings in shares of State Bank Financial by 282.8% in the second quarter. Bank of America Corp DE now owns 826,358 shares of the financial services provider’s stock valued at $27,600,000 after purchasing an additional 610,478 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of State Bank Financial in the second quarter valued at about $4,186,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

NASDAQ STBZ traded down $0.72 during trading on Wednesday, reaching $30.69. 224,536 shares of the stock traded hands, compared to its average volume of 237,965. The stock has a market cap of $1.23 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90. State Bank Financial has a fifty-two week low of $27.08 and a fifty-two week high of $35.99.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 11th. Shareholders of record on Tuesday, September 4th were issued a $0.20 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. State Bank Financial’s dividend payout ratio is currently 54.79%.

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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Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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