State Bank Financial (NASDAQ:STBZ) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of State Bank Financial (NASDAQ:STBZ) from a buy rating to a hold rating in a report issued on Wednesday, December 27th.

A number of other brokerages have also issued reports on STBZ. Sandler O’Neill raised shares of State Bank Financial from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Friday, December 15th. Gabelli lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research raised shares of State Bank Financial from a sell rating to a hold rating in a research note on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.25.

State Bank Financial (STBZ) opened at $31.36 on Wednesday. State Bank Financial has a 12-month low of $24.16 and a 12-month high of $31.75. The stock has a market cap of $1,220.00, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 1.31 and a beta of 0.95.

State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. The firm had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. research analysts forecast that State Bank Financial will post 1.52 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of State Bank Financial by 3.1% in the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of State Bank Financial by 8.6% in the 3rd 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 last quarter. Northern Trust Corp lifted its stake in shares of State Bank Financial by 5.7% in the 2nd quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after purchasing an additional 31,610 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of State Bank Financial by 1.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 546,768 shares of the financial services provider’s stock valued at $15,916,000 after purchasing an additional 9,984 shares during the last quarter. Finally, Boston Partners lifted its position in State Bank Financial by 5.2% during the 3rd quarter. Boston Partners now owns 540,530 shares of the financial services provider’s stock worth $15,486,000 after acquiring an additional 26,770 shares during the last quarter. 78.94% of the stock is owned by institutional investors and hedge funds.

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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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Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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