Northern Trust Corp raised its position in State Bank Financial Corporation. (NASDAQ:STBZ) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,944 shares of the financial services provider’s stock after buying an additional 31,610 shares during the period. Northern Trust Corp owned 1.55% of State Bank Financial Corporation. worth $15,890,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in State Bank Financial Corporation. by 459.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after buying an additional 3,727 shares in the last quarter. US Bancorp DE boosted its position in State Bank Financial Corporation. by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after buying an additional 252 shares in the last quarter. Sei Investments Co. boosted its position in State Bank Financial Corporation. by 46.0% in the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after buying an additional 1,779 shares in the last quarter. Gratus Capital LLC acquired a new position in State Bank Financial Corporation. in the second quarter valued at about $206,000. Finally, Legal & General Group Plc boosted its position in State Bank Financial Corporation. by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock valued at $256,000 after buying an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 77.66% of the company’s stock.

State Bank Financial Corporation. (STBZ) opened at 29.30 on Tuesday. State Bank Financial Corporation. has a 52-week low of $21.15 and a 52-week high of $29.70. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.50 and a beta of 0.98. The firm has a 50-day moving average of $28.55 and a 200-day moving average of $27.10.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. State Bank Financial Corporation. had a net margin of 22.79% and a return on equity of 8.51%. The firm had revenue of $54.01 million for the quarter, compared to analyst estimates of $56.15 million. On average, equities research analysts forecast that State Bank Financial Corporation. will post $1.47 EPS for the current fiscal year.

A number of equities analysts have commented on STBZ shares. Zacks Investment Research lowered shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.00.

In other State Bank Financial Corporation. news, EVP David Caulkins Brown sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the transaction, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Watkins sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total transaction of $27,140.00. Following the completion of the transaction, the insider now directly owns 72,500 shares in the company, valued at $1,967,650. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,530 shares of company stock worth $283,250. Insiders own 4.65% of the company’s stock.

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State Bank Financial Corporation. 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.

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

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