Sterling Capital Management LLC acquired a new stake in shares of State Bank Financial Corp (NASDAQ:STBZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 35,180 shares of the financial services provider’s stock, valued at approximately $1,008,000. Sterling Capital Management LLC owned 0.09% of State Bank Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of STBZ. Wasatch Advisors Inc. increased its stake in shares of State Bank Financial by 215.5% during the third quarter. Wasatch Advisors Inc. now owns 295,679 shares of the financial services provider’s stock valued at $8,471,000 after acquiring an additional 201,959 shares during the period. AJO LP acquired a new position in shares of State Bank Financial during the second quarter valued at approximately $4,290,000. Dimensional Fund Advisors LP increased its stake in shares of State Bank Financial by 8.6% during 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 acquiring an additional 94,752 shares during the period. Vanguard Group Inc. increased its stake in shares of State Bank Financial by 3.1% during 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 acquiring an additional 87,800 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in shares of State Bank Financial during the third quarter valued at approximately $1,682,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

State Bank Financial Corp (NASDAQ:STBZ) opened at $31.12 on Wednesday. The stock has a market cap of $1,188.47, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. State Bank Financial Corp has a 12-month low of $24.16 and a 12-month high of $31.75.

State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $54.01 million for the quarter, compared to analyst estimates of $56.15 million. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. research analysts forecast that State Bank Financial Corp will post 1.51 earnings per share for the current fiscal year.

The firm also recently declared 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 was Friday, December 1st. This represents a $0.56 annualized dividend and a yield of 1.80%. State Bank Financial’s dividend payout ratio (DPR) is 41.79%.

Several research analysts have issued reports on STBZ shares. Sandler O’Neill upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, December 15th. Gabelli lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of State Bank Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub upgraded shares of State Bank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.67.

ILLEGAL ACTIVITY WARNING: “Sterling Capital Management LLC Acquires Shares of 35,180 State Bank Financial Corp (STBZ)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/sterling-capital-management-llc-acquires-shares-of-35180-state-bank-financial-corp-stbz/1773939.html.

About State Bank Financial

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.

Want to see what other hedge funds are holding STBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Bank Financial Corp (NASDAQ:STBZ).

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

Receive News & Ratings for State Bank Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Bank Financial and related companies with MarketBeat.com's FREE daily email newsletter.