Maltese Capital Management LLC Has $13.09 Million Stake in State Bank Financial Corp (STBZ)
Maltese Capital Management LLC cut its holdings in shares of State Bank Financial Corp (NASDAQ:STBZ) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 456,716 shares of the financial services provider’s stock after selling 76,268 shares during the period. State Bank Financial makes up about 1.1% of Maltese Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Maltese Capital Management LLC owned 1.17% of State Bank Financial worth $13,085,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of State Bank Financial by 459.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares during the period. US Bancorp DE grew its position in shares of State Bank Financial by 5.1% during the 2nd quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 252 shares during the period. Sei Investments Co. grew its position in shares of State Bank Financial by 46.0% during the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,779 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of State Bank Financial during the 2nd quarter valued at about $204,000. Finally, Gratus Capital LLC acquired a new stake in shares of State Bank Financial during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Shares of State Bank Financial Corp (NASDAQ:STBZ) opened at $29.64 on Thursday. State Bank Financial Corp has a twelve month low of $24.16 and a twelve month high of $31.75. The stock has a market capitalization of $1,167.80, a PE ratio of 21.70, a P/E/G ratio of 1.63 and a beta of 0.95.
State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. research analysts expect that State Bank Financial Corp will post 1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, December 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, December 1st. State Bank Financial’s payout ratio is 41.79%.
In related news, insider Bradford L. Watkins sold 1,000 shares of State Bank Financial stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total value of $27,140.00. Following the sale, the insider now directly owns 72,500 shares in the company, valued at approximately $1,967,650. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.65% of the company’s stock.
A number of equities research analysts have recently commented on the company. Gabelli cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub upgraded State Bank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.00.
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About State Bank Financial
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans.
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