Analysts expect that State Bank Financial Corp (NASDAQ:STBZ) will post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Two analysts have provided estimates for State Bank Financial’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.46. State Bank Financial reported earnings of $0.34 per share during the same quarter last year, which suggests a positive year over year growth rate of 41.2%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that State Bank Financial will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.35. For the next financial year, analysts expect that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%. The business had revenue of $68.16 million during the quarter, compared to the consensus estimate of $65.00 million.
A number of research firms have issued reports on STBZ. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research raised State Bank Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub raised State Bank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. SunTrust Banks reissued a “buy” rating and issued a $38.00 target price on shares of State Bank Financial in a research report on Tuesday, January 9th. Finally, Stephens reissued a “hold” rating and issued a $32.00 target price on shares of State Bank Financial in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. State Bank Financial presently has a consensus rating of “Hold” and a consensus price target of $34.00.
Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in shares of State Bank Financial by 3.4% in the second quarter. Nationwide Fund Advisors now owns 25,608 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 846 shares during the period. Voya Investment Management LLC boosted its holdings in shares of State Bank Financial by 7.3% in the second quarter. Voya Investment Management LLC now owns 20,822 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 1,409 shares during the period. Rothschild Asset Management Inc. boosted its holdings in shares of State Bank Financial by 1.0% in the third quarter. Rothschild Asset Management Inc. now owns 183,209 shares of the financial services provider’s stock worth $5,249,000 after acquiring an additional 1,820 shares during the period. American International Group Inc. boosted its holdings in shares of State Bank Financial by 8.1% in the third quarter. American International Group Inc. now owns 25,160 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 1,881 shares during the period. Finally, Ranger Investment Management L.P. boosted its holdings in shares of State Bank Financial by 7.6% in the fourth quarter. Ranger Investment Management L.P. now owns 27,040 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 1,920 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.
State Bank Financial (STBZ) traded down $0.04 during trading hours on Friday, reaching $30.16. The company’s stock had a trading volume of 72,100 shares, compared to its average volume of 109,259. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75. The stock has a market capitalization of $1,178.17, a P/E ratio of 25.13, a P/E/G ratio of 1.15 and a beta of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, March 5th will be issued a $0.20 dividend. This is a positive change from State Bank Financial’s previous quarterly dividend of $0.14. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, March 2nd. State Bank Financial’s dividend payout ratio (DPR) is presently 46.67%.
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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.
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