State Bank Financial Corporation. (NASDAQ:STBZ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

STBZ has been the topic of several other research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a report on Sunday, June 18th. BidaskClub raised State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. 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 presently has an average rating of “Hold” and an average target price of $28.17.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) opened at 28.85 on Tuesday. The firm has a market cap of $1.09 billion, a PE ratio of 22.16 and a beta of 0.98. State Bank Financial Corporation. has a 52 week low of $21.15 and a 52 week high of $29.35. The firm’s 50-day moving average is $27.14 and its 200 day moving average is $26.61.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The company had revenue of $56.95 million for the quarter, compared to analyst estimates of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. Equities research analysts forecast that State Bank Financial Corporation. will post $1.45 EPS for the current year.

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In related news, insider Bradford L. Watkins sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total transaction of $27,140.00. Following the sale, the insider now owns 72,500 shares of the company’s stock, valued at $1,967,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Watkins sold 7,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $27.01, for a total value of $189,070.00. Following the sale, the insider now directly owns 81,190 shares in the company, valued at approximately $2,192,941.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,530 shares of company stock worth $283,250. Corporate insiders own 4.65% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in shares of State Bank Financial Corporation. by 3.3% during the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 122 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of State Bank Financial Corporation. by 459.6% during the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares during the last quarter. US Bancorp DE boosted its stake in shares of State Bank Financial Corporation. by 5.1% during the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 252 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of State Bank Financial Corporation. during the second quarter valued at $204,000. Finally, Gratus Capital LLC acquired a new stake in shares of State Bank Financial Corporation. during the second quarter valued at $206,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.

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