Sei Investments Co. Acquires 3,340 Shares of State Bank Financial Corp (STBZ)
Sei Investments Co. grew its position in State Bank Financial Corp (NASDAQ:STBZ) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,988 shares of the financial services provider’s stock after acquiring an additional 3,340 shares during the period. Sei Investments Co.’s holdings in State Bank Financial were worth $258,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. AJO LP purchased a new stake in shares of State Bank Financial in the second quarter valued at about $4,290,000. Royce & Associates LP boosted its holdings in shares of State Bank Financial by 4.8% in the second quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock valued at $23,864,000 after acquiring an additional 40,500 shares in the last quarter. Swiss National Bank boosted its holdings in shares of State Bank Financial by 7.1% in the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock valued at $1,668,000 after acquiring an additional 4,100 shares in the last quarter. Northern Trust Corp boosted its holdings in State Bank Financial by 5.7% during the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock worth $15,890,000 after buying an additional 31,610 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in State Bank Financial by 5.1% during the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after buying an additional 252 shares in the last quarter. 78.94% of the stock is currently owned by institutional investors and hedge funds.
State Bank Financial Corp (STBZ) opened at $29.31 on Friday. The stock has a market cap of $1,147.14, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.60 and a beta of 0.95. State Bank Financial Corp has a 52-week low of $24.16 and a 52-week high of $31.75.
State Bank Financial (NASDAQ:STBZ) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. research analysts forecast that State Bank Financial Corp will post 1.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, December 4th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, December 1st. State Bank Financial’s dividend payout ratio is presently 41.79%.
A number of analysts recently commented on the stock. Zacks Investment Research raised shares of State Bank Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub raised shares of State Bank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Gabelli downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.00.
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.
Want to see what other hedge funds are holding STBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Bank Financial Corp (NASDAQ:STBZ).
Receive News & Ratings for State Bank Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Bank Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.