SG Americas Securities LLC raised its position in State Bank Financial Corp (NASDAQ:STBZ) by 5,396.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,245 shares of the financial services provider’s stock after purchasing an additional 189,729 shares during the quarter. SG Americas Securities LLC’s holdings in State Bank Financial were worth $6,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new position in State Bank Financial in the first quarter valued at about $106,000. Meeder Asset Management Inc. boosted its stake in shares of State Bank Financial by 57.3% during the 1st quarter. Meeder Asset Management Inc. now owns 4,982 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 1,814 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of State Bank Financial during the 1st quarter worth about $203,000. Sheets Smith Wealth Management bought a new stake in shares of State Bank Financial during the 2nd quarter worth about $223,000. Finally, California Public Employees Retirement System boosted its stake in shares of State Bank Financial by 28.7% during the 1st quarter. California Public Employees Retirement System now owns 10,901 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 2,433 shares in the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.

Several research firms have recently issued reports on STBZ. Zacks Investment Research downgraded State Bank Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. BidaskClub upgraded State Bank Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.50 price target on shares of State Bank Financial in a research note on Wednesday, August 8th. Sandler O’Neill downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, SunTrust Banks downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.08.

STBZ opened at $32.75 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 22.43, a P/E/G ratio of 1.10 and a beta of 0.88. State Bank Financial Corp has a 52-week low of $25.41 and a 52-week high of $35.99. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.

State Bank Financial (NASDAQ:STBZ) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $67.05 million for the quarter, compared to the consensus estimate of $67.60 million. equities research analysts forecast that State Bank Financial Corp will post 2.18 earnings per share for the current year.

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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Institutional Ownership by Quarter for State Bank Financial (NASDAQ:STBZ)

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