State Bank Financial Corporation. (NASDAQ:STBZ) – Stock analysts at Gabelli decreased their FY2018 earnings per share estimates for shares of State Bank Financial Corporation. in a research note issued on Tuesday. Gabelli analyst S. Comery now forecasts that the financial services provider will earn $1.95 per share for the year, down from their prior estimate of $2.00. Gabelli also issued estimates for State Bank Financial Corporation.’s FY2021 earnings at $2.30 EPS.

Several other equities research analysts have also issued reports on STBZ. Zacks Investment Research lowered shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.17.

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State Bank Financial Corporation. (NASDAQ STBZ) traded up 0.55% on Thursday, hitting $29.34. 46,866 shares of the stock were exchanged. State Bank Financial Corporation. has a 1-year low of $21.15 and a 1-year high of $29.50. The stock has a market cap of $1.11 billion, a PE ratio of 22.53 and a beta of 0.98. The company’s 50 day moving average is $27.21 and its 200 day moving average is $26.63.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. State Bank Financial Corporation. had a net margin of 22.61% and a return on equity of 8.40%. The company had revenue of $56.95 million for the quarter, compared to the consensus estimate of $54.83 million.

A number of hedge funds and other institutional investors have recently modified their holdings of STBZ. Sei Investments Co. lifted its position in State Bank Financial Corporation. by 3.3% during the 1st quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 122 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in State Bank Financial Corporation. by 459.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock worth $123,000 after buying an additional 3,727 shares in the last quarter. US Bancorp DE lifted its position in State Bank Financial Corporation. by 5.1% during the 2nd 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. Cubist Systematic Strategies LLC acquired a new position in State Bank Financial Corporation. during the 2nd quarter worth about $204,000. Finally, Gratus Capital LLC acquired a new position in State Bank Financial Corporation. during the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

In related news, insider Bradford L. Watkins sold 7,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $27.01, for a total transaction of $189,070.00. Following the transaction, the insider now owns 81,190 shares in the company, valued at approximately $2,192,941.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Caulkins Brown sold 1,500 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $26.10, for a total transaction of $39,150.00. Following the transaction, the executive vice president now owns 53,291 shares in the company, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. Insiders sold a total of 10,530 shares of company stock worth $283,250 in the last 90 days. 4.65% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.92%. State Bank Financial Corporation.’s dividend payout ratio is presently 42.75%.

About State Bank Financial Corporation.

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.

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

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