State Bank Financial Corp (STBZ) Receives Consensus Recommendation of “Hold” from Analysts
State Bank Financial Corp (NASDAQ:STBZ) has earned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $34.33.
A number of equities analysts recently commented on STBZ shares. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, December 15th. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd.
A number of large investors have recently bought and sold shares of STBZ. Wasatch Advisors Inc. raised its position in State Bank Financial by 215.5% in the third quarter. Wasatch Advisors Inc. now owns 295,679 shares of the financial services provider’s stock valued at $8,471,000 after purchasing an additional 201,959 shares during the period. AJO LP purchased a new stake in State Bank Financial in the second quarter valued at $4,290,000. Dimensional Fund Advisors LP raised its position in State Bank Financial by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock valued at $34,340,000 after purchasing an additional 94,752 shares during the period. Vanguard Group Inc. raised its position in State Bank Financial by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock valued at $79,802,000 after purchasing an additional 87,800 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in State Bank Financial in the third quarter valued at $1,682,000. Institutional investors own 78.94% of the company’s stock.
Shares of State Bank Financial (STBZ) traded down $0.04 during trading on Tuesday, reaching $30.37. The company had a trading volume of 82,000 shares, compared to its average volume of 84,720. State Bank Financial has a 52-week low of $24.16 and a 52-week high of $31.75. The stock has a market capitalization of $1,185.74, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $54.01 million for the quarter, compared to the consensus estimate of $56.15 million. research analysts forecast that State Bank Financial will post 1.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. State Bank Financial’s dividend payout ratio is currently 41.79%.
State Bank Financial Company Profile
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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